Page 8 - Zee Entertainment

Zee-Sony merger: IDBI Trusteeship files appeal against Chandra at NCLAT

The appeal challenges the National Company Law Tribunal (NCLT) Mumbai order rejecting IDBI trusteeship's objection to the merger

Working towards successful closure of merger with Sony: Zee Entertainment

Zee Entertainment Enterprises Ltd on Wednesday said it is working towards the successful closure of the proposed merger with Culver Max Entertainment (earlier known as Sony Pictures Networks India). The company also refuted a media report that the USD 10 billion merger, which would create the largest entertainment network in India, risks collapse over who would become CEO of the merged entity as "factually incorrect". "We wish to reiterate that the company is continuing to work towards a successful closure of the proposed merger as per the composite scheme of arrangement approved by the NCLT, Mumbai Bench," Zee Entertainment Enterprises Ltd (ZEEL) said in a regulatory filing. In August this year, the National Company Law Tribunal (NCLT) allowed the merger of ZEEL and Culver Max Entertainment. ZEEL was responding to clarification sought by BSE over the media report which stated that the proposed merger risks a collapse unless the two sides can agree on who'll lead the merged entity

Stocks to Watch today: Tata Motors, ZEE, Ashok Leyland, GIC, Aurobindo, HGS

Stocks to watch on Friday, November 10, 2023: Biocon, Hindustan Aeronautics, Hindalco, LIC, M&M, ONGC, SAIL and Tata Chemicals among prominent companies scheduled to announce Q2 results today.

Zee Entertainment Q2 results: Net profit rises 8.9% to Rs 122.96 crore

Zee Entertainment Enterprise Ltd (ZEEL) on Thursday reported an increase of 8.92 per cent in its consolidated net profit to Rs 122.96 crore for the September quarter. It had posted a net profit of Rs 112.89 crore in the July-September quarter a year ago, according to a regulatory filing. Its total income was 23 per cent higher at Rs 2,509.57 crore in the second quarter of this fiscal in comparison with Rs 2,040.87 crore in the year-ago period. This was led by a "strong performance in digital and healthy viewership gains in linear," an earnings statement from ZEEL said. However, "YoY margins lower due to increase in content cost and investment in ZEE5," it said. ZEEL's total expenses in the September quarter rose 23.02 per cent to Rs 2,205.67 crore. Its revenue from advertisement fell 3.3 per cent to Rs 979.17 crore in the July-Septemer quarter of FY24. "Some early pick up in Ad spending was witnessed led by FMCG during Q2, the overall pace of Ad environment recovery continues to

NCLAT adjourns hearing on IDBI's insolvency plea against Zee to Dec 6

The National Company Law Appellate Tribunal (NCLAT) on Wednesday adjourned its hearing to December 6 over the plea of IDBI Bank seeking to initiate insolvency proceedings against Zee Entertainment. A three-member NCLAT bench deferred the hearing after the counsel appearing in the matter sought an adjournment to complete the pleadings. IDBI Bank in its plea has challenged the order of the Mumbai bench of the National Company Law Tribunal (NCLT), which, on May 19, 2023, had set aside the insolvency plea against the media major, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC). In its order, the NCLT bench had said that ZEEL, which was the corporate guarantor for the loan availed by Siti Networks -- the principal borrower of IDBI Bank -- has committed a default. However, the default was committed during the timeline specified under section 10A of the IBC. Section 10A mandates no application for initiation of a corporate insolvency resolution ..

Relief for Zee Entertainment's Punit Goenka as SAT sets aside Sebi's order

With this, Goenka can now be appointed as the Managing Director (MD) of the merged entity

Zee Entertainment merger expected in 'months ahead': Sony Group

The transaction was initially expected to be closed by the end of September

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Sony India says merger with Zee Ent likely delayed, to take few more months

(Reuters) -Japan's Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which was due to be completed by end-September, would likely take a few more months.

Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

SAT reserves decision on Punit Goenka's appeal against Sebi order

Sebi counsel assures court of completing part investigation by November

Axis Finance moves NCLAT against NCLT order approving Zee-Sony merger

The tribunal questioned the credibility and surety of the Sebi in completing the probes within eight months

SAT adjourns hearing on Zee promoter Punit Goenka's appeal to Sept 27

Arguing on behalf of Goenka, senior counsel Abhsihek Manu Singhvi pointed that there had been no loss to Zee and no gain to Goenka in the alleged matter

Axis Finance approaches NCLAT against NCLT approval of Zee-Sony merger

Zee-Sony merger: This comes just over a month after the NCLT's Mumbai bench approved the merger on August 10 by dismissing all applications against it

Securities Appellate Tribunal defers Zee-Sebi matter to September 13

The confirmatory order passed by Sebi chief Madhabi Puri Buch barred Goenka from holding any key managerial positions in the Zee group of companies

SAT 'not satisfied' with Sebi order in Zee matter, seeks regulator's reply

Tribunal hears Punit Goenka's appeal, to hear case for final decision on Sept 8

Stocks to Watch, Aug 30: Zee Ent, Zomato, Suzlon, Lupin, Airtel, Unichem

Stocks to Watch today, August 30, 2023: Billionaire Sunil Mittal's backed telecom services provider Airtel Uganda Ltd plans to raise $216 million in an initial public offering (IPO)

Punit Goenka appeals before SAT for relief from Sebi's Aug 14 order

The Zee Ent promoter has been barred holding key positions in four group firms and merged entity

Sebi bars Punit Goenka from holding key post in Zee-Sony merged entity

According to Sebi's order, Goenka will remain barred from holding key positions in the merged entity too

NCLT's nod to ZEE-Sony India merger will trigger stock re-rating: Analysts

Shares of Zee Entertainment Enterprises soared as much as 20 per cent on the BSE in Thursday's intra-day trade after the National Company Law Tribunal approved the company's merger with Sony India