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The Arbitral Tribunal has rejected the claims made by Zee Entertainment Enterprises Limited and its subsidiary, Margo Networks, against Railtel Corporation regarding the wrongful termination of their Content on Demand Agreement. This also includes a dismissal of the counterclaims put forth by Railtel. The company is currently considering an application to appeal the Arbitral Award in court. This development may present potential risks for Zee Entertainment's financial outlook and ongoing operations as it navigates the aftermath of this arbitration. Investors should watch closely for updates regarding this legal matter and its implications.
All announcements from Zee Entertainment Enterprises Limited