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[ad_1] New Delhi: The National Company Law Appellate Tribunal (NCLAT) has set aside the order of NCLT directing bourses NSE and BSE to reconsider their approval for the Zee-Sony merger. A two-member NCLAT bench has asked NCLT to consider the merger of Zee Entertainment with Culver Max Entertainment (earlier known as Sony Pictures Networks India) afresh, after hearing all the parties. The appellate tribunal order came on hearing the appeal filed by Zee Entertainment Enterprises Limited (ZEEL) against the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) on May 11, 2023. The NCLT had directed NSE and BSE to reconsider their prior approvals for the merger of ZEEL and Culver Max Entertainment. It had also asked the bourses to reassess the non-compete fee under the clause of the merger. The said order was challenged by ZEEL before the appellate tribunal, contending that it was not granted adequate opportunity by the NCLT to present its side and it didn't

[ad_1] Last Updated: July 10, 2023, 08:28 IST Stocks To Watch July 10:  Nifty futures traded 14.5 points, or 0.07 per cent, lower at 19,443.50, signaling that Dalal Street was headed for a negative start on Monday. Here’s a slew of stocks that will be in focus today for various reasons. HDFC Bank: All MSCI indexes have replaced HDFC with HDFC Bank following the merger. Cyient DLM: The company’s shares will debut on the bourses today. It had fixed the final issue price at Rs 265 per share. Hindustan Zinc: Hindustan Zinc’s Board has approved an interim dividend of Rs 7 per equity share for the current financial year which will incur an expenditure of Rs 2957 crore for the Vedanta subsidiary. Zee Entertainment: The Securities and Appellate Tribunal (SAT) will on Monday pronounce its judgement on appeals filed by the promoters of Zee Entertainment Enterprises against an earlier Sebi order. SBI: The state-run bank is likely to raise up to Rs 10,000 crore in tier-I bonds this week.