Zee Entertainment Enterprises (ZEEL) is back under the F&O ban list after a one-day reprieve. The company has approached the National Company Law Tribunal (NCLT) for guidance on implementing the merger scheme. Zee has also taken legal action to contest Culver Max and Bangla Entertainment Pvt. Ltd’s (BEPL) claims in arbitration proceedings at the Singapore International Arbitration Centre (SIAC). Additionally, Zee’s MWPL was 100.4%, and the Indian benchmark indices, S&P BSE Sensex and Nifty, closed with declines.
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