Breaking ZEEL and Sony merger approved by ZEEL board; definitive agreements signed

[vikhyath]

zee sony merger: Axis Finance has no locus to oppose Sony merger, claims ZEEL - The Economic Times

Zee Entertainment, through its counsel also argued that the parties, opposing the merger have so far not proved how this merger will be prejudicial to them. "Currently, Zee Entertainment is an over Rs ₹8,000 crore entity but post the merger, the entity will be a ₹40,000 crore company," argued...

m.economictimes.com

 

[peter9]

Oppenheimer's two-decade journey with Zee Entertainment ends right on the cusp of Sony merger - CNBC TV18

Oppenheimer had been a financial investor with Zee Entertainment since 2002.

www.cnbctv18.com

Oppenheimer Sells Entire Stake in Zee Ltd on the Brink of Sony Merger, Shares Rose in Opening Trades - Equitypandit

Invesco Oppenheimer-owned OFI Global China Fund LLC has sold its entire stake in Zee Entertainment Enterprises (ZEEL), a leading Indian media conglomerate, through open market transactions. The investment management company sold its entire 5.11% stake in ZEEL for Rs 1,004 crore, with over 4.91...

www.equitypandit.com

 

[Aiscat]

A true corporation.

 

[StoriesWithPK]

https://twitter.com/x/status/1648909100112310272

 

[peter9]

Zee starts talks with creditors to close Sony merger: Report

The Indian television network has offered IDBI Bank Ltd., one of the creditors that moved insolvency court, to repay a loan of about 1.49 billion rupees ($18.1 million) in tranches

www.livemint.com

 

[vikhyath]

Axis Finance, JC Flowers Have No Locus To Object To Merger With Sony, Says Zee

Axis Finance, JC Flowers Have No Locus To Object To Merger With Sony, Says Zee

www.bqprime.com

 

[peter9]

Again a new twist..

Zee-Sony Merger: Non-Compete Arrangement Made To Evade Tax, Defraud Creditors, Says JC Flowers

Subhash Chandra gave up his right to non-compete fee in favour of Essel Mauritius. This is a fraud on creditors, says JC Flowers.

www.bqprime.com

 

[Aiscat]

Onoz, time to do more divestments.

 

[vikhyath]

New twist from SEBI!

New Twist In Zee-Sony Merger

New Twist In Zee-Sony Merger

www.bqprime.com

Zee-Sony merger to face fresh roadblock

Sebi instructs BSE, NSE to place a recent ex-parte order on record.Sebi had passed an ex-parte order in the matter of Shirpur Gold Refinery fund diversion case

www.livemint.com

 

[ab666]

Zee-Sony merger to close in first half of FY24: Kenichiro Yoshida

Kenichiro Yoshida, Chief Executive Officer of Sony, said the company is expecting to close the Zee-Sony merger in the first half of this fiscal year. Yoshida was speaking at Sony’s annual global corporate strategy meeting held on Thursday

www.thehindubusinessline.com

Confirmation from Sony Boss Kenichiro Yoshida. So merger will be completed by September 23