Zee Entertainment Enterprises

ZEE share news: The surge in ZEE shares today came on news that market regulator Sebi has rejected a settlement application filed by Zee Entertainment Enterprises and Punit Goenka

Among the standout performers, GE Vernova T&D India surged a staggering 318.2 percent, closing at Rs 2,104.9 on December 24. KFin Technologies also made a giant leap, climbing 206 per cent to Rs 1,477

ZEE Entertainment CEO Punit Goenka, who resigned from the post of Managing Director last week, has also withdrawn himself from reappointment for the post in the coming AGM, according to an exchange filing. While sharing Goenka's resignation letter to exchanges on Saturday, Zee Entertainment Enterprises Ltd (ZEEL) said he is "withdrawing his consent for his re-appointment as Managing Director of the company as proposed in the Notice of the ensuing Annual General Meeting. Earlier on October 18, 2024, the ZEEL board approved the proposal for Goenka's reappointment for a five-year term, effective from January 1, 2025, to December 31, 2029. Goenka's present tenure as Managing Director & CEO of the company was scheduled to finish at the 2024-end. Goenka's re-appointment was subject to approval from the shareholders, in the coming AGM, which is scheduled to be held on November 28. However, on November 18 Punit Goenka, son of media baron Subhash Chandra, resigned as the Managing Director .

However, festive season spurs demand as advertisers are back

Revenue declines 18% due to 'muted advertising spending environment'

Zee Entertainment Enterprises, a co-producer of Kangana Ranaut's "Emergency" film, on Thursday told the Bombay High Court it was working out with the Censor Board issues over issuance of certificate for the movie. The movie, which was initially slated for a September 6 release, has been embroiled in a battle with the Central Board of Film Certification (CBFC), popularly known as the censor board for non-issuance of certificate for release of the movie. Last week, the CBFC told the high court that the movie could be released if certain cuts were made as decided by the board's revising committee. On Thursday, senior counsel Sharan Jagtiani told a division bench of Justices B P Colabawalla and Firdosh Pooniwalla the issues are being worked out. "I believe it is working out between the CBFC and respondent 2 (Ranaut's Manikarnika Films, co-producer)," Jagtiani said. The bench posted the matter for hearing on Friday. Earlier this week, the bench was informed by the censor board that ..

The stock of the television broadcasting & software production company was trading lower for a fifth straight day, down 8 per cent during the period

Zee Entertainment on Tuesday said the Securities Issue and Allotment Committee of the company has approved the allotment of foreign currency convertible bonds (FCCBs) worth USD 239 million to investors. In a regulatory filing, Zee Entertainment Enterprises Limited said it has considered and approved the allotment of FCCBs of up to USD 239 million (around Rs 2,000 crore) maturing in 10 years on a private placement basis to Resonance Opportunities Fund, St John's Wood Fund Ltd and Ebisu Global Opportunities Fund. On July 16, the board of Zee Entertainment Enterprise Ltd (ZEEL) approved the raising of funds through FCCBs with a coupon rate of 5 per cent of up to USD 239 million from investors - Resonance Opportunities Fund, St. John's Wood Fund Ltd and Ebisu Global Opportunities Fund. These FCCBs will not be listed on any of the stock exchanges, it had said. However, investors who choose to convert their bonds into shares will pay Rs 160.20 per share. "In case of conversion of all FC

Zee Entertainment Enterprise Ltd on Wednesday reported a consolidated net profit of Rs 118.10 crore for the first quarter ended June 30, 2024. The company had reported a net loss of Rs 53.42 crore in the April-June quarter a year ago, Zee Entertainment Enterprise Ltd (ZEEL) said in a regulatory filing. The total income of the company was up 7.56 per cent to Rs 2,149.52 crore during the quarter under review. It was at Rs 1,998.26 crore in the corresponding quarter. Total expenses of ZEEL was at Rs 1,941.12 crore, marginally up in the June quarter of FY25. Shares of Zee Entertainment Enterprise Ltd on Wednesday were trading at Rs 147.60 on BSE, up 1.72 per cent from the previous close.

On June 3, ZEEL's the board had considered and given its in-principle approval for raising funds by up to Rs 2,000 crore.

The uptick in share price came after the board of directors of the company approved a fund raise of up to Rs 200 crore via all permitted instruments

Maverick Media is promoted by Vistaar Entertainment and focuses on expanding the large-screen cinema experience across India

ZEEL had filed the application following the termination of the merger agreement by Culver Max and Bangla Entertainment on January 22, citing a breach of the merger cooperation agreement

Mukund Galgali, the head of Zee's commercial and strategic initiatives, has been with the group for 17 years. He will assume responsibilities as acting CFO from Wednesday

The merger agreement between Zee Entertainment and Culver Max Entertainment (Sony's India unit) was terminated on January 22 due to issues over leadership and unmet closing conditions

On April 16, the NSE said contracts for new expiry months for Zee Entertainment will not be issued once the existing contract months expire

Axis Finance and IDBI had challenged the merger in NCLAT

The court had earlier given Sebi two weeks to file its reply. The bench led by Justice G.S. Kulkarni and Justice Firdosh Pooniwala on Wednesday directed Chandra to file a rejoinder in the matter

Zee Entertainment Enterprises has proposed the implementation of a lean and streamlined management structure to the Board

In the new lateral structure, Punit Goenka, MD & CEO, has proposed the elevation of certain team members across businesses