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India’s Zee to Focus on Internal Growth After Formally Giving up on Merger Aspirations – Global Bulletin

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variety.com
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Patrick Frater Asia Bureau Chief Zee Entertainment Enterprises Ltd., the disappointed bride in the failed engagement between Zee and Sony India, has formally ended its quest for a merger.

On Tuesday, it withdrew its application before the industry regulator National Company Law Tribunal and said that it will focus instead on internal growth.

Pulling the NCLT application also makes it somewhat easier for Zee to pursue its arbitration and other legal actions against Sony.

The plan to merge the two mid-size film and TV businesses was on the table for over two years, but finally (acrimoniously) collapsed in January 2024.

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