ZEE gets nod to hold shareholders’ meet on merger with SPN

The National Company Law Tribunal (NCLT) has allowed Zee Entertainment Enterprises Ltd (ZEEL) to convene a meeting of its equity shareholders to seek the approval of its proposed merger with Culver Max Entertainment Pvt Ltd, formerly known as Sony Pictures Networks India Pvt Ltd.

The Mumbai bench of NCLT, presided by judicial member JV Subba Rao and technical member Anuradha Sanjay Bhatia, in its order directed the management of ZEEL to hold a shareholders meeting on October 14, 2022, for voting on the proposed scheme of merger.