Investors in Zee are considering convening an Extraordinary General Meeting (EGM) to reorganize the board following Sony Group’s recent decision to abandon the planned $10 billion merger with Zee Entertainment.
The termination of the merger has prompted institutional investors to raise concerns with the Securities and Exchange Board of India (SEBI), emphasizing the plight of minority shareholders who stand to gain nothing from the non-materialization of the Zee-Sony deal even after two years since its announcement.
In an article by Financial Express (India), our Managing Partner, Satish Kishanchandani, expresses his perspective on the ongoing situation, noting that there is a prevailing stance of non-compromise among the involved parties at the moment.
Read the article here: https://lnkd.in/d38ENxCX #PioneerLegal #LawAtPL #ZeeEntertainment #SonyGroup #MergerandAcquisition #CorporateStrategy
