NCLT directs Zee to convene shareholders meeting on its merger with Sony on Oct 14

The National Company Law Tribunal has directed Zee-Entertainment Enterprises to convene a meeting of its shareholders to get approval for its proposed merger with Culver Max Entertainment, formerly Sony Pictures Network.

Passing an order, the Mumbai bench of the NCLT had on August 24 directed to call a meeting of the equity shareholders of Zee Entertainment to consider the merger, said a statement from the media major.

“The NCLT Mumbai bench has directed in its order, that a meeting of the Equity Shareholders of Zee Entertainment Enterprises Ltd. be convened and held on Friday, 14th October 2022 for the purpose of considering, and if thought fit, approving the proposed merger of the Company with Culver Max Entertainment Pvt Ltd,” said a company spokesperson.