Following media stories regarding the Zee-Sony merger being called off, the former has issued a statement labelling it as 'baseless and factually incorrect'. The statement issued to the BSE added that Zee is committed to the merger with Sony and is continuing to work towards the successful closure of the merger. Zee added that the company has always complied with its obligations under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and will continue to make disclosures in accordance with the same. In this regard, we would like to clarify that the above-mentioned article is baseless and factually incorrect. We wish to reiterate that the Company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger.

Source: Economic Times January 09, 2024 15:16 UTC