NCLT approves Zee-Sony merger, paves way for creation of $10 billion media giant

MUMBAI: The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises Ltd 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 USD 10-billion media company, the biggest in the country.

The tribunal also dismissed all objections regarding the merger.