IDBI Bank Limited has challenged the National Company Law Tribunal (NCLT) order, which approved the merger of Zee Entertainment Enterprises Ltd and Culver Max Entertainment, earlier known as Sony Pictures Network India.The company law tribunal last month had given its nod to the merger proposal of ZEE with Culver Max. The merger scheme was approved by 99.97% of ZEE shareholders, and also by other regulators like the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Competition Commission of India (CCI).ZEEL, in a stock exchange filing, today says: “The company has been served with an appeal on behalf of IDBI Bank Limited against the Company before the NCLAT, Delhi,…
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IDBI Bank challenges NCLT order on ZEE-Sony merger
