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Merger Withdrawal

ZEE Entertainment Withdraws Merger Application with Sony Pictures Networks

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ZEE Entertainment Enterprises Ltd. (ZEE) has opted to retract its merger application submitted to the National Company Law Tribunal (NCLT) in Mumbai, which sought the execution of its proposed merger with Sony Pictures Networks, now known as Culver Max. The merger agreement between Sony and Zee was initially disclosed on December 22, 2021. However, Sony …

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Byju’s-Aakash Merger Application Withdrawn Amid Governance Dispute

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The proposed merger between Byju’s and Aakash Educational Services Ltd (AESL) has hit a stumbling block as both companies withdrew their merger petition during a hearing at the National Company Law Tribunal (NCLT) on Tuesday. This move follows a series of governance disputes and challenges encountered since the acquisition. Initially structured as a cash-and-stock deal, …

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