Page 12 - Zee Entertainment

NCLAT stays insolvency against Zee Entertainment on Punit Goenka plea

Goenka moved the NCLAT on Thursday, a day after the Mumbai bench of the NCLT admitted insolvency proceedings against Zee on a plea filed by IndusInd Bank -- a financial creditor of Zee

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Stocks to Watch: NCLT has admitted IndusInd Bank's Insolvency Plea against Zee Entertainment; Sri Lanka's Board of Investment have approved two wind power plants by Adani Green Energy

Merger with Sony will get stuck in insolvency proceedings: Zee group

India's Zee Entertainment Enterprises Ltd told a tribunal on Friday its merger with a local unit of Japan's Sony Group Corp will "get stuck" due to the initiation of insolvency

Bear run enters sixth day as Sensex fall 142 pts, Nifty near 17,450

CLOSING BELL: Sectorally, the Nifty Metal index plunged 3 per cent, dragged by Adani Enterprises, which tumbled nearly 5 per cent

NCLAT stays insolvency proceedings against Zee; final hearing on March 29

The move came after Punit Goenka, chief executive of Zee, challenged the insolvency proceedings against the company

How to trade Zee Entertainment as NCLT places it under insolvency process

Death Cross on the Zee Entertainment may push stock in the bear grip

Zee Entertainment insolvency: NCLAT to hear Punit Goenka's appeal today

Goenka had appealed the NCLT's decision to allow IndusInd Bank to file for insolvency proceedings against Zee

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Stocks to watch: Zee Entertainment has been barred from the futures and options (F&O) segment of the NSE; Olectra Greentech has developed a hydrogen bus in technical partnership with Reliance Ind

Despite NCLT setback, analysts remain positive on Zee Entertainment

Their sum-of-the-parts valuations ranges between Rs 275 and Rs 390, which indicates uncertainty

NSE removes Zee Entertainment from F&O segment post insolvency fallout

"No fresh month contracts will be issued on the expiration of February 2023 contracts," the exchange says in a circular

Zee Entertainment insolvency: CEO Punit Goenka moves NCLAT for relief

Says taking all necessary steps to protect interest of stakeholders and achieve timely completion of proposed merger with Sony

Zee shares tumble over 14% intra-day; recover most of lost ground at close

Shares of Zee Entertainment Enterprises Limited (ZEEL) tumbled over 14 per cent in intra-day trade after the National Company Law Tribunal admitted an IndusInd Bank plea for insolvency proceedings against the media firm. The stock tanked 14.23 per cent to Rs 176.60 -- its 52-week low -- during the day on the BSE. However, it later recovered most of the early lost ground and ended 3.47 per cent lower at Rs 198.75 apiece. On the NSE, it settled 3.46 per cent lower at Rs 199.20 per piece after falling 14.44 per cent to Rs 176.55 -- its 52-week low -- in intra-day trade. In volume terms, 26.67 lakh shares were traded on the BSE and over 7.65 crore shares on the NSE during the day. The National Company Law Tribunal has admitted an IndusInd Bank plea for insolvency proceedings against ZEEL. The matter pertains to a default of Rs 89 crore by Zee Group's multisystem operator arm Siti Networks claimed by IndusInd Bank, for which ZEEL was a guarantor. The private sector lender has also fil

Zee's Goenka moves NCLAT to challenge admission of bankruptcy proceedings

Zee Enterprises' managing director and chief executive Puneet Goenka on Thursday moved appellate tribunal NCLAT challenging the order of the National Company Law Tribunal which admitted an IndusInd Bank plea for insolvency proceedings against the firm. The appeal seeking relief against the National Company Law Tribunal's Mumbai bench order was filed by Goenka in the National Company Law Appellate Tribunal (NCLAT) on Thursday, as per an official statement from the company. "Goenka is taking all the necessary steps as per law to protect the interests of all stakeholders of Zee Entertainment Enterprises (ZEEL) and to achieve a timely completion of the proposed merger with Culver Max Entertainment," the statement said. A division bench of judicial member H V Subba Rao and technical member Madhu Sinha had on Wednesday admitted the plea by private sector lender IndusInd Bank and also appointed Sanjeev Kumar Jalan as the resolution professional in the matter. The matter pertains to a defa

Zee Entertainment tanks 14% as NCLT admits company to insolvency resolution

The NCLT decision to begin bankruptcy proceedings has overshadowed Zee Entertainment's merger with Culver Max Entertainment (Sony)

NCLT admits IndusInd Bank's insolvency petition against Zee Entertainment

The company is currently undergoing a merger with the Sony India which is pending with the regulatory authorities and the court

Zee Entertainment dips 4%, nears 52-week low on weak Q3 results

The company said advertisement revenue YoY growth impacted due to FTA withdrawal (Zee Anmol) and slowdown in FMCG spends due to challenging macro-economic environment.

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Stocks to watch today: Adani Enterprises, ONGC, Coal India, Siemens, Grasim Industries, Eicher Motors, among others will report the October-December (Q3FY23) quarter results

Zee Entertainment Dec quarter profit plummets 92% as ad spends shrink

Zee Entertainment Enterprises reported a 92% slump in quarterly profit, hurt by shrinking advertisement spending and a rise in expenses

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Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with underlying strength capable of holding accumulative stance

NCLT adjourns Zee Entertainment lenders' pleas against merger to Feb 2

The matter had come up in the NCLT court on Thursday, where IndusInd Bank, Axis Finance and IDBI Bank had sought permission to file applications to intervene in the proposed merger