“Zees notice to the Bombay Stock Exchange and the National Stock Exchange of India dated December 17 is an acknowledgment that they will not be able to meet the December 21, 2023, deadline to close the SPNI/ZEE merger,” the SPNI statement read. It added that the ZEEL notice triggers an existing contractual provision in the deal that allows for both parties to discuss the possibility of extending the deadline.
India Business News: Sony's India unit is considering Zee's proposals for completing the merger. Sony Pictures Networks India has not agreed to a deadline extension reques
India Business News: Nearly two years after announcing a merger plan, Zee Entertainment Enterprises has asked Sony Pictures Networks India (now known as Culver Max Enterta
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