The breakdown saga of the merger talks between Zee and Sony seems far from over as the two parties are now engaging in a litigation battle.
A day after Zee informed BSE that the Singapore International Arbitration Centre (SIAC) had denied Sony’s plea to restrain Zee from approaching the National Company Law Tribunal (NCLT) for enforcement of the merger agreement, Sony expressed its disappointment and said it would continue to fight in the SIAC its right to terminate the merger…
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