Page 14 - Zee Entertainment

90% of promoters' stake in Zee pledged with financial institutions

The Zee management indicated that the delay in closing the balance sale was due to restrictions on insider trading window

Essel group promoters plan to sell non-media assets to repay debt

The move comes with the promoters getting the much-needed extension of up to six months to pay their dues from most of the mutual funds

Debenture trustee sells Rs 200 crore of Zee Entertainment shares

The share sale comes at a time when Essel group is trying to get an extension from mutual funds (MFs) and other lenders to clear its dues

Zee Entertainment slips for sixth straight day, loses 10% to hit a 5-yr low

In the past three days, the stock of Essel Group Company has plunged 19 per cent.

MFs get first lot of dues from Essel on 8.7% Zee Entertainment stake sale

As part of the 'standstill' agreement with MFs and other creditors, Essel promoters have till September-end to clear remaining dues

Nestle's inclusion in Nifty to raise FMCG weight; pvt banks to stay at top

Despite the churn, the private banks will still top the chart with a weightage of 26 per cent in the index, followed by the energy sector at 23 per cent.

Zee Entertainment slips 25% in seven days, trades near 52-week low

The stock was trading at its lowest level since January 25, 2019 and was 5 per cent away from its 52-week low of Rs 289 touched on the same day.

MFs' Essel group exposure likely to fall by 30-50% after Zee stake sale

Zee stake sale to Oppenheimer would benefit MFs holding the firm's shares as collateral

No immediate relief in sight for Zee Entertainment, stock falls over 4%

Stake sale meets only 38% of outstanding loans of promoter group

Zee may have offloaded its stake but it isn't enough to satisfy investors

Apart from the debt burden, Zee is also facing competition from Netflix Inc., Amazon.com Inc. and hundreds of local TV channels vying to serve India's booming demand for content

Zee Entertainment slips over 3% after Invesco Oppenheimer buys 11% stake

The deal, at Rs 400 per share, values Zee at a premium of 10.6 per cent over the current market price and will be used to pay off part of the promoter-level debt.

Comcast, partners make offer for stake in Subhash Chandra's Zee Ent

Comcast, partners make offer for stake in Subhash Chandra's Zee Ent plan to snap up a 51% stake in the media company.

Zee Entertainment consolidated net profit rises 63% to Rs 530 crore in Q1

The net profit was driven by a 108.9 per cent increase in other income of Rs 103.9 crore

Zee Entertainment reports 62.6% hike in Q1 net profit at Rs 530 cr

ZEEL's total expenses rose 6.15 per cent to Rs 1,369.99 crore from Rs 1,290.60 crore a year ago

Dish TV promoters may cash out for Rs 5,000 cr, Bharti Airtel to pick stake

Bharti Airtel, Warburg Pincus to buy Jawahar Goel's 58% stake at Rs 45-50 a share

Chandras may sell small stake in Zee Entertainment to financial investors

The promoters expect to get Rs 9,000-10,000 crore from the sale of their assets

Zee Entertainment logs 18.7% rise in revenues in FY19; ad income up 20%

Consolidated operating revenue for Q4FY19 stood at Rs 2,019.3 crore

Zee may tap private equity investors for stake sale as Sony talks fail

Financial investors are seen as a better bet than strategic ones, sources said

Promoters of Zee Entertainment sell Rs 332 crore worth of shares

The rise in share price of Zee Entertainment should help the promoters in paying back their loan against shares-debt by selling lesser stake.

Zee promoters in talks with more than 2 buyers to sell over 50% stake

Earlier this week, Essel group had sealed a formal agreement with its lenders to keep its companies afloat, under which it gets time till September to deleverage or pare its debt