Page 3 - Zeel

Zee Entertainment AGM skips discussions on Invesco board removal plans

Board sidesteps questions on corporate governance lapses

ZEEL aims to enhance profitability under ZEE 4.0, says Punit Goenka

Zee Entertainment Enterprise Ltd is embarking on a new path under 'ZEE 4.0', through which it aims to enhance profitability and continue to grow ahead of the industry, MD Punit Goenka said

Invesco seeks EGM to remove Punit Goenka from Zee Entertainment board

Kurien, Chokhani quit Zee Entertainment board a day before AGM

Zee Entertainment rises on brokerage upgrades, ad and viewership growth

The stock may see a further re-rating if the firm sticks to its pledge on free cash flow and corporate governance

Zee Entertainment posts Q4 net loss at Rs 766 cr on higher operating costs

During the March 2020 quarter, its operational cost went up by 47.69 per cent to Rs 1,304.62 crore as against Rs 883.32 crore

Aplab to remove debt-ridden Zee Entertainment from promoter list to public

Electric equipment maker Aplab on Wednesday said it will reclassify debt-ridden Zee Entertainment Enterprises Ltd (ZEEL) from promoter category to public category. The company's board is scheduled to meet on March 26 to approve the reclassification process, Aplab said in a regulatory filing. For the quarter ended December 31, 2019, stake of ZEEL in Aplab had fallen to 9.50 per cent to 4.75 lakh shares. "We hereby inform you that a meeting of the Board of Directors of the Company will be held on Thursday, March 26, 2020 to approve the reclassification process of ZEEL from Promoter Category to Public Category and other matters," it said. Presently, 'Promoter & Promoter Group' hold 58.97 per cent stake in Aplab. Earlier, ZEEL held 13.21 lakh shares, comprising 26.42 per cent of the paid up capital of Aplab. ZEEL had acquired these share in 2013.

Punit Goenka to remain Zee Entertainment chief, remuneration to be reviewed

Punit Goenka, managing director and chief executive officer of ZEEL, will continue in his role, even as his remuneration is being reviewed by the board

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The dance of the media elephants

As the big boys of media push for consolidation, scale is emerging as the killer app

Three Zee Entertainment directors resign, cite related-party transactions

Zee also said it had a definitive plan in place to recover the outstanding amounts from Dish TV and Siti Cable, and that it was monitoring the situation closely

Zee Entertainment slips 9% in firm market post Q2 results

Its profit before tax declined 22 per cent year on year (YoY) to Rs 504 crore for Q2.

VTB Group acquires rights to sell 10.71% stake in ZEEL to recover loan

ZEEL in a regulatory filing said VTB Capital Plc has secured the right to potentially monetise 10.28 crore shares of the company held by its promoter Essel Media Ventures

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

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.

Invesco Oppenheimer buys 11% of Essel group's stake in ZEEL for Rs 4224 cr

After the additional stake buy, the fund's shareholding in ZEEL will rise to 19 per cent, while the promoters' stake will come down to 25 per cent

Invesco deal better as it meets my timelines: ZEEL's Punit Goenka

We would have liked it to be Comcast too but this is a better deal because it was meeting my timelines, says Punit Goenka

ZEE gains 5% in weak market on strong June quarter performance

The company reported 54 per cent year-on-year jump in its consolidated net profit to Rs 530 crore in June quarter

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

Board to put an end to market rumours on co's FY19 results on May 27: ZEEL

Zee Entertainment Enterprises Wednesday said its board will consider standalone and consolidated results for 2018-19 on May 27, scotching "market rumours" that raised concerns about audit of the company's financial statements. In a regulatory filing, the company said it has been informed that "there are certain rumours floating in the market raising concerns about audit of the financial statements of the company for the fiscal year ended March 31, 2019." "We deny the above rumours floating in the market relating to audit of the financial statements of the company,"Zee Entertainment Enterprises Ltd (ZEEL) said. It further said, "We wish to inform that the audit of the standalone and consolidated financial statements for FY 18-19 is very much in progress by M/s Deloitte Haskins & Sells, LLP, the statutory auditors of the company." The company has already scheduled the meeting of the board of directors on May 27, 2019, to consider the said financial results at this meeting, it ...

ZEEL buys balance 49% in India Webportal for Rs 197 cr

Company will also acquire 12.5% stake in Tagos Design Innovations for Rs 16.08 crore