29 Mar 2023
Deal: Trilegal obtains CCI clearance for USD 10-billion Zee-Sony amalgamation in Phase I
05 Oct 2022
05 Oct 2022
Trilegal acted as the sole advisor to ZEE Entertainment Enterprises Limited (ZEE) and Essel Group in securing an approval from the Competition Commission of India (CCI) pertaining to the proposed ZEE – Sony amalgamation. Trilegal acted as lead counsel before the CCI for the ZEE – Sony amalgamation which was cleared on 4 October 2022 subject to certain modifications.
The resultant entity will be the largest entertainment media player in India and ZEE – Sony will combine their linear networks, digital assets, production operations and program libraries.
The CCI issued a show-cause notice with their prima facie competition concerns and sought an explanation as to why a detailed investigation in Phase II should not be undertaken. The Trilegal team advanced legal and economic arguments and successfully convinced the CCI to approve the ZEE-Sony amalgamation in Phase I with certain remedies.
Trilegal had instructed Senior Advocate Ramji Srinivasan for the hearing before the CCI on the response to the show-cause notice.
The Trilegal competition team representing ZEE was led by Nisha Kaur Uberoi, Partner & National Head – Competition Law, and Gautam Chawla, Partner; assisted by Radhika Seth, Counsel; Ankush Walia and Swati Sharma, Senior Associates; and Akrathi Shetty, Ishan Arora, Vrinda Nagpal, Madhav Kapoor, Prerana De, Vasudha Verma, Akanshha Agarwal, and Devika Dhawan, Associates.
About Trilegal
Trilegal is one of India’s leading law firms, with expertise across the full spectrum of corporate legal services. Trilegal has offices in four key cities of India.
Trilegal has been recognised as the ‘Firm of the year’ for Client Service Excellence by Asia Law Awards 2021; “M&A Law firm of the Year”by VCCircle Awards 2020; ‘Law Firm of the Decade’ at the RSG Grow India Summit and Awards 2019; one of the most innovative law firms in Asia in the inaugural edition of ALB Trailblazers 2020 and ‘highly commended’ in the FT RSG Innovative Lawyers Awards 2020. Trilegal has also been recognised as one of the ‘Best Overall Law Firms in India’ as part of the India Business Law Journal Annual Indian Legal Awards 2021.
For more information, please contact:
Sahil Wason
Mob: +91-8928008122 | BD@trilegal.com
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