Zee Media Corporation Limited (ZMCL) has got board approval to bid for Reliance Broadcast Network Limited (RBNL), a company that has been put under the corporate insolvency process by the National Company Law Tribunal...
Invesco to sell entire 5.65% stake in Zee Ent
Invesco Developing Markets Fund, an investor in Zee Entertainment Enterprises Ltd (ZEEL), is poised to sell its entire 5.65% stake in the company for as much as ₹1,130 crore. In October, Invesco sold 5.51% of ZEEL for...
Zee gets breather as NCLAT stays insolvency process
The National Company Law Appellate Tribunal (NCLAT) on Friday granted interim relief to Zee Entertainment Enterprises Ltd (ZEEL), staying bankruptcy proceedings against the media company. This follows the National...
NCLT allows to convene shareholders’ meeting to seek approval of Zee-Sony merger
The National Company Law Tribunal (NCLT) has allowed Zee Entertainment Enterprises Ltd (ZEEL) to convene a meeting of its equity shareholders to seek the approval of its proposed merger with Culver Max Entertainment Pvt...
ZEE-Invesco case: Bombay High Court to pronounce ruling on Tuesday
The Bombay High Court is slated to pronounce its order in Zee Entertainment Enterprises (ZEEL) legal tangle with its largest institutional investor, Invesco Developing Markets Fund, on Tuesday. Separately, the National...
Zee-Sony merger deal not in interest of small shareholders: Invesco
Invesco, the largest shareholder of Zee Entertainment Enterprises (ZEEL), has raised questions over the company’s proposed merger with Sony Pictures, saying the transaction is not in the best interest of all...
Zee Entertainment signs deal for merger with Sony Pictures India
The Board of Directors of ZEE Entertainment Enterprises Limited (ZEEL) unanimously provided in-principle approval for the merger between Sony Pictures Networks India (SPNI) & ZEEL. SPNI will also infuse growth...
Viacom18 and Zee Entertainment in early merger talks
Viacom18 Media Pvt. Ltd, the owner of the Colors general entertainment channel, and Subhash Chandra’s Zee Entertainment Enterprises Ltd are in initial talks for a potential merger that could create a large media firm...
Zee Group in restructuring mode; Rahul Johri to head content, revenue
Private broadcaster Zee Entertainment Enterprises Ltd (ZEEL), which has been facing cash flow issues for over a year, on Wednesday unveiled a major strategic restructuring involving its key talent and integrated various...
Yes Bank asks Bombay HC to restrain Zee promoters from selling further stake
Almost a year after promoters of Zee Entertainment Enterprises Ltd (ZEEL) sold an 11% stake in the company, Yes Bank Ltd has moved the Bombay high court to restrain the controlling shareholders from selling more ZEEL...
Dish TV-Bharti Airtel deal called off due to differences over valuation
The deal between Subhash Chandra’s Essel Group, the promoters of direct-to-home (DTH)) company Dish TV, and Sunil Mittal’s Bharti Airtel has been called off due to differences overvaluation. The promoters are now in...
Essel Group repays mutual funds after promoter stake sale
HDFC Mutual Fund, ICICI Prudential MF and Aditya Birla SL Mutual Fund have received payments from the Essel group after the promoters sold stake in Zee Entertainment Enterprises (ZEE) to repay lenders. The recovery is...