Zee Entertainment News
ZEEL share price surges over 6% as shareholders reject Punit Goenka’s reappointment as director
Zee Entertainment’s shareholders voted against the reappointment of Punit Goenka as a director. While 49.54% of the votes were in favour, 50.46% voted against the resolution, resulting in its rejection.
1 min read29 Nov 2024Zee Entertainment share price surges 8% as Punit Goenka quits as firm’s MD
Zee Entertainment’s shares rose 8% after Punit Goenka resigned as Managing Director while remaining CEO.
2 min read19 Nov 2024Zee Entertainment boosts targets for MD Punit Goenka ahead of reappointment vote
The board also approved the appointment of Saurav Adhikari as an additional non-executive director with effect from 15 November, Zee said in a filing.
1 min read17 Nov 2024Zee-Sony merger: NCLT recalls approval of $10 billion deal after both parties agree to terminate scheme, settle claims
Zee-Sony merger: The NCLT recalled its approval of the Zee Entertainment and Sony Pictures merger after both parties agreed to withdraw due to a settlement. The merger scheme is now terminated, and legal claims against each other have been withdrawn.
1 min read15 Sep 2024ZEE share price rallies over 3% as NCLT approves recall of merger scheme with Sony Pictures, Bangla Entertainment
The National Company Law Tribunal (NCLT) has approved the recall of the merger order, allowing the company to withdraw the scheme, ZEE said in a regulatory filing on September 12.
1 min read13 Sep 2024Star India terminates ICC sub-licensing arrangement with ZEE, seeks damages
Star India has terminated its sub-licensing agreement with ZEE for ICC Men’s tournaments from 2024-2027, alleging breach of contract. ZEE claims Star failed to meet its obligations, rendering the contract void. The dispute has led to arbitration proceedings, with Star seeking damages.
2 min read31 Jul 2024Wealth Destroyer! Media stock Zee Entertainment Enterprises lost 50% of investor wealth just in 2024 YTD
Zee Entertainment’s shares have dropped significantly in 2024, falling by 50% due to the collapse of its merger with Sony and financial strain. The company aims to raise funds through FCCBs and reported improved earnings in Q4FY24.
4 min read25 Jul 2024Zee receives shareholder approval to raise Rs. 2000 crore
Zee Entertainment Enterprises has received shareholder approval with requisite majority to raise an amount of Rs. 2,000 crore, the company said in a letter to the exchanges on Monday.
1 min read15 Jul 2024Punit Goenka acquires Maverick Media to build single-screen theatres
Punit Goenka has made the investment in his personal capacity, with no bearing on Zee Entertainment Enterprises
1 min read24 Jun 2024ICICI Securities upgrades ZEE, Sun TV to ’Buy’ on expectations FMCG firms will spend more on advertising
ICICI Securities upgrades ratings for Sun TV Network and Zee TV to ’Buy’, citing medium-term benefits from increased ad spending by FMCG companies. Target prices raised for both stocks.
2 min read13 Jun 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared