Zee-Sony Merger Approved by NCLT, Paving Way For Creation of $10 Billion Media Company

Zee-Sony Merger Approved by NCLT, Paving Way For Creation of $10 Billion Media Company

The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises and Culver Max Entertainment (earlier known as Sony Pictures Networks India). This order by the Mumbai bench, headed by H V Subba Rao and Madhu Sinha, will pave the way for the creation of a…