News: The proposed merger between Zee Entertainment (ZEE) and Culver Max Entertainment, earlier Sony Pictures networks India (SPN), has received approvals from the stock exchanges – the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Views: The merger seem to be track. The two companies had already filed an application in the Competition Commission of India (CCI) for its permission and will now file for approvals from the National Company Law Tribunal (NCLT) and other regulatory approvals.
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