Page 2 - Zee Entertainment

'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, 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.

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

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 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.

Buzzing stocks, July 3:YES Bank, ZEE, DMart, IEX, Hindustan Zinc, KEC Int'l

Buzzing stocks to watch today, July 3: Avenue Supermarts, the DMart chain of stores' operator reported a provisional standalone revenue of Rs 13,712 crore for the June quarter, up 18 per cent Y-o-Y

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

Bombay High Court adjourns hearing on appeal by Subhash Chandra to June 26

Chandra had filed an appeal against the order and summons by Sebi in the alleged fund diversion matter in Zee Entertainment Enterprises

Indus Towers, Tata Technologies among seven stocks to track on June 19

At 6:37 AM, GIFT Nifty futures indicated a robust start, trading up 85 points at 23,653 compared to Nifty futures' previous close

Zee Entertainment's CFO Rohit Gupta resigns due to 'personal reasons'

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

Zee's board gives in-principle approval to raise funds up to Rs 2,000 crore

This announcement comes after Sony India terminated its merger agreement with Zee Entertainment worth $10 billion in January this year

Zee Entertainment to raise nearly $240 million, to use funds for growth

Zee said it will use the funds to "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape"

ZEE Entertainment plans to raise funds through issue of shares, QIPs

Leading broadcaster Zee Entertainment on Monday said it is planning to raise funds from the market through various routes, including issuing of equity of shares, and qualified institutions placements (QIPs). Though the company has not specified the amount it plans to raise, Zee Entertainment Enterprise Ltd (ZEEL) in a regulatory filing said its board is meeting on June 6 to consider the proposal for this. "A meeting of the Board of Directors of the Company is scheduled to be held on... June 6, inter-alia, to consider raising of funds by way of issuance of equity shares and/or any other eligible securities (convertible/non-convertible) through permissible modes..." it said. This will be not limited to a private placement, a QIP, a preferential issue, or any other method or combination of methods subject to such approvals as may be required, the filing said. This latest round of fundraising is after the Sony Corporation terminated a deal to merge its two entertainment entities in Ind

Urge stakeholders to stand against threat to press freedom: Subhash Chandra

He also said that there have been structured attempts against it by the governing class

IndiGo, HCLTech, JK Lakshmi Cement among nine stocks to track on May 24

On Thursday, US markets closed in the red as robust economic data dashed hopes for Federal Reserve rate cuts