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Zee Entertainment has already incurred expenses of ₹176.2 crore for the proposed merger with Culver Max Entertainment (Sony Pictures Networks India), with merger-related costs amounting to around ₹7.3 crore in FY23, according to regulatory filings.

Why Zee Entertainment Shares Are Gaining Today

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With neither party keen to abandon ship, the impasse threatens to delay, or worse, derail a deal that could redefine entertainment for millions.

Sony&#39;s Last-Minute Leadership Demand Stalls Zee Merger Talks

Zee Entertainment announced a proposed merger with Sony&#39;s Indian business back in 2021, but an interim order from SEBI delayed it by barring Goenka from the directorships of any listed companies.

Indian Tribunal Lifts Ban On Zee Entertainment&#39;s Punit Goenka, Clears Path For Merger With Sony&#39;s Indian Unit

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The latest development clears the path for the Zee-Sony merger, which the two parties signed an agreement for in December 2021. 

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