ZEE can withdraw its merger implementation application: NCLT

Q: How long will it take to read this news story?

The story "ZEE can withdraw its merger implementation application: NCLT" has 420 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "ZEE can withdraw its merger implementation application: NCLT" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 271 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21364989</li><li>URL: https://beamstart.com/news/zee-can-withdraw-its-merger-17192221722163</li></ul>

Business Standard Logo Business Standard 1w ago

ZEE can withdraw its merger implementation application: NCLT - Business Standard

Quick Summary:

The termination effectively halted the multi-billion-dollar merger deal between Sony and Zee, which was formally agreed upon on December 21, 2021, after more than two years of negotiations, the report said.

Following this, Culver Max and Bangla Entertainment lodged applications with the NCLT contesting the validity of ZEEL’s application.

ZEEL has started a cost-cutting drive to achieve an 18–20 per cent Ebitda margin by FY26, which includes a workforce reduction of 15 per cent from its current staff count of 4,500, the report said.