Zee Entertainment Enterprises Ltd. (ZEEL), a leading content company, on Friday received approval from the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) for its proposed merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India Private). Limited).
The stock exchanges’ approval marks a firm and positive step in the overall merger approval process. The approvals allow the Company to proceed with the following steps in the overall merger process.
The scheme of composite arrangement remains subject to regulatory and other applicable approvals.
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