Big statement from Sony Pictures regarding merger with Zee, said- Zee’s request to extend the deadline of December 21 has not yet been agreed to.
[ad_1]
pattern photo
ANI Image
Zee’s notice sent to Bombay Stock Exchange and National Stock Exchange of India on December 17 requested extension of the merger deadline. The request to extend the merger deadline “reflects the fact that they will not be able to complete the merger of SPNI/G by the December 21, 2023 deadline.”
New Delhi. Sony Pictures Networks India on Tuesday said it has not yet agreed to extend the deadline for the merger request of Zee Entertainment Enterprises Ltd (ZEEL). Sony Pictures Networks India (SPNI) said in a statement that it is interested in knowing ZEEL’s plans to satisfy other significant closing conditions.
Zee’s notice sent to Bombay Stock Exchange and National Stock Exchange of India on December 17 requested extension of the merger deadline, the statement said. The request to extend the merger deadline “reflects the fact that they will not be able to complete the merger of SPNI/G by the December 21, 2023 deadline.”
The company said SPNI is yet to discuss all issues and “has not yet agreed to extend the deadline.” “We will review Zee’s proposal and how they will meet other key closing conditions,” the statement said. Interested to know.” There was no immediate comment from GEEL on the latest developments.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
other news
[ad_2]
Source link
