In January, Sony had sought the same for alleged violations of the merger agreement. 

The firm's merger-related costs were Rs 256 crore in 2023-24 and Rs 176 crore in the previous year.

Goenka’s five year term as MD and CEO is set to end in December 2024.

Decision taken by the Board after seeking appropriate legal advice and reviewing the action-oriented steps implemented by the management.

NCLAT dismissed creditors' argument that the appellate tribunal should await Zee's plea in the NCLT to enforce the merger.

The tribunal will decide on April 15 whether legal challenges to the Zee-Sony merger can be heard after the merger is called off.

Phantom Studios alleges that Culver Max and Bangla Entertainment falsely accused it of being influenced by Zee and Goenka.

Experts predict that the merger of Reliance and Disney will attract the interest of content creators and advertisers, posing a challenge for competitors like Zee.

The BSE asked ZEEL to provide clarifications about a news article claiming that its stock increased by 4% following reports of an attempt to renew the merger agreement with Sony.

Sony Group terminated the merger agreement with Zee on January 22, citing the inability of the Indian company to fulfill the closing conditions.