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After Sony's merger termination, Zee approached the National Company Law Tribunal (NCLT) seeking direction on scheme implementation.
This accomplishment comes just four months after Sterlite Power acquired the project.
Keeping in view the current global scenario, India presents an exciting opportunity.
ZEEL informed that the Singapore Arbitration Centre denied Sony Group's plea to restrain ZEEL from moving to the NCLT for enforcing the merger.
Initiate on EFL with BUY recommendation and 12M target price of ₹603, at 55x FY26 EPS (27% potential returns).
During the same time previous year, the City Gas Distribution Company's net profit was ₹371 Crore.
It is projected that the most recent development will bring in about ₹3,500 Crore.
The per customer charges for re-KYC are expected to range between ₹90-110, with banks conducting the process for compliance purposes
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