News: The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed Zee Entertainment to hold a shareholders’ meeting on October 14, for the proposed merger with broadcaster Sony.
View: While this will move the approval process forward, it continues to await CCI approval, which has sought clarity on market share. Post the same, merger will likely get consummated. Barring any unforeseen concerns by CCI, the merger is likely on track.
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