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Zee Entertainment Enterprises Ltd (ZEEL) | National Company Law Appellate Tribunal issues notice to Zee Entertainment, refuses to stay merger

Zee-Sony Merger: NCLAT Declines Stay

The National Company Law Appellate Tribunal on Friday declined to grant a stay on the merger between Zee Entertainment Enterprises Ltd. and Sony India Pvt. Axis Finance Ltd. and IDBI Bank Ltd. had contested the merger, and the NCLAT has issued notices in response to their pleas, scheduling the case for a hearing on Jan. 8, 2024.

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