NCLT nods for merger of Zee and Max Entertainment
By MYBRANDBOOK
The National Company Law Tribunal (NCLT) has given a nod for the merger of two popular entertainment companies of India - Zee Entertainment Enterprises, and Culver Max Entertainment (formerly known as Sony Pictures Networks India or SPNI).
The decision sets the stage for an exciting phase of integration and transformation in the Indian entertainment industry. On August 14, SEBI (Securities and Exchange Board of India) is expected to deliver its final decision on the matter.
The decision has been passed by the panel led by Justice HV Subba Rao alongside member Madhu Sinha. With this approval in hand, Zee Entertainment Enterprises and Culver Max Entertainment are ready to kickstart the integration process in the upcoming week.
A crucial step in this journey involves ZEE filing with the registrar of companies within a 30-day window. While an official timeline for completion has yet to be announced, seasoned mergers and acquisitions experts anticipate a potential conclusion around mid-November.
With this merger the landscape of the entertainment industry will be reshaped. The collaboration holds the potential to inaugurate a fresh era of exceptional entertainment, captivating audiences and molding the trajectory of India’s prominent entertainment realm. This transformation extends beyond a mere redefinition of industry dynamics.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
HPE Aruba Networking bridging the physical and digital worlds
The information technology industry is a critical component of the 21st cen
Elastic democratizing search with powerful AI and ML-enabled s
Elastic is always committed to staying ahead of the curve and constantly re
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
TATA CONSULTANCY SERVICES
BHARAT ELECTRONICS LTD.
TEJAS NETWORKS INDIA PVT. LTD.
IBALL WORLDWIDE PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Honorary Prof. N. Balakrishnan
Prof. N. Balakrishnan is an Indian aerospace and computer scientist. H...
Technology Icons Of India 2023: Deepinder Goyal
Deepinder Goyal is the Founder and CEO of Zomato. Deepinder, or Deepi,...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
PARTNER SPEAKERS
PSU
New defence PSUs will help India become self-reliant
MIL, India’s biggest manufacturer and market leader is engaged in Pr...
HPCL is transforming the energy landscape, across the nation and beyond
HPCL is world-class energy company known for caring and delighting the...
EESL encouraging e-mobility adoption across India
Energy Efficiency Services Limited (EESL) is a Super Energy Service Co...
VIDEOS
Top 25 Brands
Value-Added Distribution
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
ACCERON INFOSOL PVT. LTD.
It is a leading value added distributor in the IT security space and h...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
