Zee India moves tribunal after Sony terminates merger deal

NEW DELHI, Jan. 24 (Xinhua) -- Zee Entertainment Enterprises Limited (ZEEL) Wednesday moved the National Company Law Tribunal, Mumbai and Singapore International Arbitration Center days after Sony Pictures Networks India Private Limited (SPNI) terminated a 10-billion-U.S.-dollar merger deal.

The SPNI terminated the merger deal announced on Dec. 22, 2021 on Monday, citing that the merger conditions had not been met.