Zee Entertainment Enterprises Ltd on Wednesday said it is working towards the successful closure of the proposed merger with Culver Max Entertainment (earlier known as Sony Pictures Networks India).
The company also refuted a media report that the USD 10 billion merger, which would create the largest entertainment network in India, risks collapse over who would become CEO of the merged entity as “factually incorrect”.
We wish to reiterate that the company is continuing to work towards a successful closure of the proposed merger as per the composite scheme of arrangement approved by the NCLT, Mumbai Bench,” Zee Entertainment Enterprises Ltd (ZEEL) said in a regulatory filing.
YsQcMoZyElCJg