The struggle in merging with Sony is getting over now. Sony is a MNC company and did its due diligence before moving ahead of merger. It’s only few crony corporates who wanted to hostile takeover of Zee Ltd (Zee promoters hold only 4%) creating hurdles to the merger. 31st August is final hearing by NCLT. The wait is over. Get ready for a steady rise in the share price
Zee can merge with Sony because its creditors were not its creditors
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The struggle in merging with Sony is getting over now. Sony is a MNC company and did its due diligence before moving ahead of merger. It’s only few crony corporates who wanted to hostile takeover of Zee Ltd (Zee promoters hold only 4%) creating hurdles to the merger. 31st August is final hearing by NCLT. The wait is over. Get ready for a steady rise in the share price