Essel Group Zee Entertainment

The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notices to creditors on a plea filed by Essel Group Chairman Subhash Chandra and scheduled the matter for hearing on October 29 and 30. Chandra had challenged before the appellate tribunal an order passed on September 1 by a five-member larger bench of the National Company Law Tribunal (NCLT), which had stayed the order of a third tie-breaker judge in his personal insolvency matter and restrained him from alienating his assets. The NCLAT has directed the creditors, who opposed the maintainability of Chandra's petition, among others, to file their reply within a week. A three-member bench of NCLAT also granted a week's time to Subhash Chandra to file a rejoinder to the creditors' reply. "Let the notice be issued... will file the reply (over maintainability and stay) within a week," said the bench comprising Officiating Chairperson Justice (Retd.) Yogesh Khanna and Technical Members Barun Mitra and Ajai Das ...

Zee has alleged JioStar continued using its music and songs despite a Delhi High Court injunction, escalating the copyright dispute between the companies

Dissenting lenders allege five entities linked to Subhash Chandra's family helped push through a repayment plan proposing Rs 6.5 crore against admitted claims

Sun TV Network hit a new 52-week low of ₹458.60, down 3.3%; Saregama India and Prime Focus were down 4% and 3%, respectively, in Monday's intra-day trade.

Canara Bank, Union Bank of India and LIC Housing Finance are moving NCLAT against the NCLT's approval of Subhash Chandra's repayment plan

Subhash Chandra's repayment plan was backed by creditors holding 80.81 per cent of voting value, despite objections from several banks and institutional lenders

Zee has sought permission to proceed with its ₹3,143 crore preferential warrant issue and access mutual fund units, while Goenka has challenged Sebi's restraining order

Subhash Chandra says India's media industry has become a ₹2.7-trillion powerhouse, expanded the country's global cultural influence and created millions of jobs since liberalisation

Essel group Chairman Subhash Chandra has sold a prime Lutyens' Delhi bungalow to an unnamed businessman for Rs 1,260 crore in what is being touted as one of the costliest property deals in recent times, sources said. The nearly 3-acre bungalow on Bhagwan Das Road in close vicinity to Connaught Place and India Gate has been bought by a "Delhi-based business family", the sources said, refusing to divulge the identity of the buyer. The residential plot is on the same road as another plot that Gautam Adani conglomerate had bought in 2020 for a reported Rs 400 crore. Sources said the Rs 1,260 crore deal will be closed by the first week of December. A spokesperson of Zee Group declined to comment on the transaction. Chandra had acquired the property in 2015 for Rs 304 crore, translating into a more than four-fold increase in value over the past decade. In Lutyens Bungalow Zone (LBZ), there are around 3,000 bungalows. The LBZ is one of the most expensive real estate locations in the cou

Zee Entertainment Enterprises Ltd on Thursday reported 5.37 per cent decline in consolidated net profit at Rs 154.8 crore for December quarter FY26. It had logged a net profit of Rs 163.6 crore in the October-December period a year ago, according to a regulatory filing from Zee Entertainment Enterprises Ltd (ZEEL). Total income was up 14.6 per cent to Rs 2,298.5 crore in December quarter FY26. Total expenses were at Rs 2,087.4 crore, up 20.3 per cent year-on-year. During the quarter, revenue from Advertising was down 9.4 per cent to Rs 851.5 crore. The subscription revenue was up 6.9 per cent to Rs 1,050.2 crore in the quarter. Revenue from the 'Other sales & service' was up over sixfold to Rs 378.4 crore. Shares of ZEEL were trading at Rs 84.85 apiece on BSE, up 3.55 per cent from the previous close.

Zee's Q2FY26 profit declined 63.5% to Rs 76.5 crore as ad revenue fell 11%, though subscription and digital revenues rose, with ZEE5 narrowing its EBITDA loss by 80%

Zee Entertainment Enterprises (ZEEL) fails to get the required 75% approval for a Rs 2,237 crore preferential issue to the Subhash Chandra family

The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed the plea of IDBI Bank which sought to initiate insolvency proceedings against Zee Entertainment. A two-member NCLAT bench upheld the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which had earlier rejected the private lender's plea to initiate insolvency proceedings against Zee Entertainment Enterprises Ltd (ZEEL). However, the appellate tribunal granted liberty to IDBI Bank to move a fresh plea for default outside of the period mentioned in section 10A of the Insolvency & Bankruptcy Code. Section 10A mandates that no application for initiation of the corporate insolvency resolution process (CIRP) can be filed against any debtor by any financial and operational creditor for any default arising on or after March 25, 2020, for a period of one year. This special provision was inserted in the IBC by the government to help companies after economic activities had resumed post-lockdown

The company's advertising revenue dropped by 8 per cent to Rs 940.6 crore in Q3FY25 on a Y-o-Y basis but increased by 4 per cent on a sequential basis

ZEE share news: The surge in ZEE shares today came on news that market regulator Sebi has rejected a settlement application filed by Zee Entertainment Enterprises and Punit Goenka

Zee Entertainment stock rose 9% in intra-day deals on Tuesday, and was on the verge of confirming a breakout on the daily chart yet again in 2024. The last 3 breakouts turned out be false, show charts

He intends to dedicate his time and energy towards the set goals for the company's future, ZEE Entertainment Enterprises said in a press release

Zee's revenues have continued their declining trend as ad revenue growth remained underwhelming, declining by another 7.9 per cent YoY during the second quarter

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Zee Entertainment, PB Fintech, Delhivery among select companies to report a turnaround in the June 2024 quarter. Here's a technical outlook on select such stocks.