Not yet agreed to Zee’s request for extension of deadline for merger: Sony

Sony Pictures Networks India on Tuesday said it has not yet agreed to a deadline extension requested by Zee Entertainment Enterprises Ltd (ZEEL) for their merger, and is looking forward to know how the latter planned to complete the remaining critical closing conditions.

In a statement, Sony Pictures Networks India (SPNI) said ZEE’s notice to the Bombay Stock Exchange and the National Stock Exchange of India dated December 17, seeking an extension of the merger deadline is “an acknowledgement that they will not be able to meet the December 21, 2023 deadline to close the SPNI/ZEE merger”.