Zee Entertainment’s merger with Sony Pictures Networks gets NSE & BSE approval

Zee Entertainment on Friday said it has received approval from stock exchanges BSE and NSE for its proposed merger with Sony Pictures Networks India.

The proposed merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India) has been approved by Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), said a statement from Zee Entertainment Enterprises Ltd (ZEEL)

“The approval from the stock exchanges marks a firm and positive step in the overall merger approval process,” it said.

The approvals permit ZEEL to proceed with the next steps in the overall merger process, it added.