Business and economics

NCLT approves $10 bn mega-merger between Zee and Sony:

Published on 14 Aug 2023

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NCLT approves $10 bn mega-merger between Zee and Sony:
  • The National Company Law Tribunal (NCLT) on Thursday approved the merger scheme of India’s homegrown entertainment company Zee Entertainment Enterprises with Culver Max Entertainment (erstwhile Sony Pictures Networks India or SPNI).
  • NCLT is a quasi-judicial body in India that adjudicates issues relating to Indian companies. It was created in 2016 under the Companies Act.

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