Home ENTERTAINMENT NCLT withdraws nod given earlier for merger of Zee and Sony entities

NCLT withdraws nod given earlier for merger of Zee and Sony entities

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The National Company Law Tribunal has withdrawn its approval for the merger between Zee Entertainment Enterprises and Sony Group Corporation’s India media entities. The decision, made by the Mumbai bench on September 5, ends the proposed deal that could have created India’s second-largest media company. Zee had sought to recall the earlier approval granted on August 10.