Page 2 - Zee Entertainment Enterprises Ltd News

'Sebi chairperson Buch is corrupt', alleges Zee's Subhash Chandra

Regulatory official calls allegations "malicious and opportunist"

Zee-Sony settlement removes overhang but outlook stays uncertain: Analysts

Zee Sony merger settlement news: Any meaningful re-rating in Zee share price, analysts said, should happen in case ZEE finds a new partner or strategic investor

Zee to push for global reach of DP World ILT20, targets premium advertisers

For advertisers, Sehgal said that ZEEL is focused on creating value as the consumer base consists predominantly of high-income groups in the UAE

Zee, Sony amicably settle disputes over failed merger, withdraw claims

ZEEL's stock price rose to Rs 154.9 per piece on NSE during the day and closed at Rs 150.9 per piece, which was still 10 per cent higher than the previous day's closing price

Zee, Sony reach non-cash agreement to settle disputes over merger

Under the settlement, the companies have mutually decided to withdraw all claims against each other in the ongoing arbitration at the Singapore International Arbitration Centre

Zee stock zooms 14% on settling merger termination dispute with Sony

Zee Entertainment in an exchange filing today said, both companies had agreed to withdraw all respective claims against each other, in the ongoing arbitration at the Singapore.

Angel One, Zee, VIP Inds: Down over 20% in 2024; how should you trade here?

A total of 19 stocks have declined over 20% thus far in the calendar year 2024, even as the Sensex and Nifty have rallied up to 14%; here are the key levels to watch out on these 6 stocks.

Zee's Securities Issue & Allotment Committee approves FCCBs worth $239 mn

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

These companies reported turnaround in Q1; what lies ahead for stocks?

Zee Entertainment, PB Fintech, Delhivery among select companies to report a turnaround in the June 2024 quarter. Here's a technical outlook on select such stocks.

Zee Ent Q1 results: Profit up at Rs 118.10 cr, revenue rises 7.6%

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.

Zee Entertainment stock jumps 6% on Q1 turnaround; posts Rs 118 cr profit

Zee Entertainment Q1 earnings impact: The company's consolidated total income grew by 7.6 per cent YoY to Rs 2,149.52 cr in Q1FY25 from Rs 1,998.26 cr in Q1FY24.

Is the tide turning for media stocks? Dish TV, PVR Inox can rally up to 26%

The Nifty Media index has shed 15 per cent so far in 2024 and is the sole index trading below the 200-DMA on the NSE. Chart suggests better days are likely ahead.

Zee Entertainment Enterprises to raise $239 million through FCCB

The opening of the issuance of FCCBs is Tuesday, and the conversion price of Rs 160.20 per equity share includes an equity premium of Rs 159.20 a share

ZEE Entertainment shareholders approve plan to raise Rs 2,000 crore

Zee Entertainment shareholders have approved a plan to raise Rs 2,000 crore from the market through various routes, including issuing equity shares and qualified institutions placements (QIPs). The special resolution for "issuance of securities for an amount not exceeding Rs 2,000 crore" was passed by 78.83 per cent of the total polled votes, according to a scrutiniser report filed by Zee. "The shareholders of the company have duly passed the resolution for issuance of securities for an amount not exceeding Rs 2,000 crore with requisite majority," the regulatory filing said. The remote e-voting period for this special resolution commenced on Sunday and ended on Monday, July 15, 2024, at 5 pm. Zee Entertainment Enterprise Ltd (ZEEL) plans to raise in one or more tranches through a private placement, a qualified institutional placement, a preferential issue or a combination of them. Though the company has not specified how it plans to invest the amount, experts expect a portion of t

Zee Entertainment gains 7% as board to consider fund raising on July 16

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.

Bombay HC directs Subhash Chandra to furnish documents sought by Sebi

Zee founder had filed writ petition against regulator's summons in fund diversion case

Zee Entertainment CEO Punit Goenka buys majority stake in Maverick Media

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

ZEE can withdraw its merger implementation application: NCLT

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