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Both companies agreed to withdraw all claims from arbitration at the Singapore International Arbitration Centre and other legal proceedings
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Citing SEBI Chairperson as a key obstacle in the failed Zee-Sony merger, Dr Chandra plans court action and questions the integrity of the regulatory process
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Under the terms of the settlement, none of the parties will have any outstanding or continuing obligations or liabilities to the other
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The company states that it will "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape" with the use of the money
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Earlier this week, Zee revealed via a regulatory filing that it had spent Rs 432 crore on the failed merger between 2022-23 and 2023-24
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The firm incurred merger-related costs of Rs 256 crore in 2023–24 and Rs 176 crore in 2022–23, according to the documents
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The broadcaster's advertising revenue stood at Rs 1,110.2 crore against Rs 1005.8 crore in Q4 FY23, reporting a 10 per cent growth YoY
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Quick look at new hirings and promotions this week
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