Zee Ent stock zooms 11% on signing non-cash settlement agreement with Sony India, NCLT dispute cases withdrawn

Zee Entertainment Enterprises Ltd. announced on Tuesday, August 27, that it has entered into an amicable agreement to settle all disputes with Sony India regarding the termination of the merger. As part of the settlement, the media giants will withdraw all claims made at the Singapore International Arbitration Centre (SIAC) and the National Company Law Tribunal (NCLT).

Shares of Zee Entertainment zoomed over 12 per cent to ₹150.5 apiece against a 52-week high at ₹299.50 apiece on the BSE after announcing the settlement with Sony India.