Report on Zee Sony merger risks collapse incorrect, clarifies Zee Entertainment

Zee Entertainment on Wednesday called the news report captioned “Sony-Zee Merger Risks Collapse Over Eleventh-Hour CEO Drama: Report” “factually incorrect.” The report was published by NDTV.

“We wish to reiterate that the Company is continuing to work towards a successful closure of the proposed merger as per the Composite Scheme of Arrangement approved by the Hon’ble NCLT, Mumbai Bench,” said the company in a statement.