Delay in Zee and Sony Merger?

Published : 23 Feb 2023

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There are the chances of delay in merger in Zee and Sony.


Shares of Zee Entertainment Enterprises declined 9.98% to its 52-week low Rs 185.75/share.

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This happened after the Mumbai bench of the National Company Law Tribunal allowed to initiate insolvency proceedings against Zee Entertainment Enterprises.



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The order came after IndusInd Bank filed a petition because Zee didn't meet its obligations under a Debt Service Reserve Account Agreement between the bank and Siti Networks Ltd., to which Zee was also a party.

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This can cause delay in merger.


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