SEBI Rejects ZEE’s Punit Goenka’s Settlement Offer
The market regulator SEBI (Security and Exchange Board of India) rejected the settlement application of Zee Entertainment Enterprises CEO Punit Goenka. It released an adjudication order on Thursday, Jan 2, 2025, stating that a new SCN (Show-Cause Notice) will be issued. The regulator previously issued an SCN on July 6, 2022, to entities following allegations…
Himanshu
Sony Denies To Extend Merger Deadline, Zee Requests
Sony and Zee were going through a merger whose deadline was supposed to end on 21 January at midnight. However, after Zee failed to file a response, Sony has withdrawn the deal and is not keen to extend it anytime soon. The first official merger request was made in December 2021, and after three years…
Shipra Prajapati
Weekly News Roundup: Top 5 Market Updates
1. Sony-Zee merger expected to get completed by end of H1 FY24 Sony Corp CEO Sony Corporation’s CEO has announced that the much-anticipated merger between Sony and Zee Entertainment Enterprises Ltd (ZEEL) is expected to be completed by the end of the first half of the financial year 2023-24. The merger aims to create a…
Yash Sharma