“ZEE’s notice to the Bombay Stock Exchange and the National Stock Exchange of India dated December 17 is an acknowledgement that they will not be able to meet the December 21, 2023 deadline to close the SPNI/ZEE merger,” Sony India said.
“We do not see Mr Punit Goenka jeopardising the position of the shareholders in the company and we believe a positive outcome will emerge out of this. But fresh additions are slightly risky at this point of time just in case something does not work out in their favour. In the next two days, we will get more clarity.”
“ZEEs notice to the Bombay Stock Exchange and the National Stock Exchange of India dated December 17 is an acknowledgement that they will not be able to meet the December 21, 2023 deadline to close the SPNI/ZEE merger," the SPNI statement reads.