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.
Lenders have questioned the voting process and also the eligibility of certain creditors who were instrumental in pushing through Subhash Chandra's repayment plan.
The media firm is seeking relaxation for the pending infusion of Rs 76 crore of the Rs 3,143 crore fundraise after a portion was remitted a day later
In the commodity market, oil prices eased, with Brent crude futures down 1.29 per cent at $93.17 and the US West Texas Intermediate crude lower by 1.38 per cent at $85.86.
The tribunal permitted Zee and Punit Goenka to complete the preferential warrant issue subject to payment of penalties, but the Sebi-imposed market debarment will continue
Zee had sought permission to proceed with its proposed ₹3,143 crore preferential warrant issue and a relaxation in the 14-day window for completing the process.
Analysts at Motilal Oswal Financial Services said ZEEL delivered another subdued quarter. The firm's consolidated profit in Q1 declined by 48.3 per cent to ₹74.3 crore.
Zee Entertainment's revenue from operations rose 4.52 per cent to Rs 1,907.3 crore in Q1FY27, while advertising revenue declined 11 per cent year-on-year
Zee's total expenses grew 12.8 per cent to Rs 1,864.4 crore in the June quarter. It was Rs 1,652.7 crore in the first quarter of FY27.
Sebi has prohibited ZEEL from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year.
Stocks to watch today: CAMS, DLF, Escorts Kabuta, Inox India, Mobikwik, Nazara Technologies, IREDA, Torrent Power among firms slated to post Q1 results today.
The company says it will take legal steps over SEBI's order while continuing with its fund-raising exercise aimed at strengthening its financial foundation
Company will issue 24,94,85,563 warrants at Rs 126 each; ESOP plan for employees also gets shareholder approval
The board approved the issuance of convertible warrants to promoter entity Sunbright Mauritius Investments and also cleared the proposed ESOP 2026, subject to shareholder approval
Beginning with the 2026-27 season, Bundesliga matches will stream on Zee5 and air on Unite8 Sports channels as Zee expands its football broadcasting portfolio in India
Zee Entertainment's board will meet on July 1 to finalise the structure of its proposed ₹2,300-crore fund raise, including equity and convertible securities options
The ₹2,300 crore fund will be raised in one or more phases/tranches to boost the strategic and business initiatives. Further, the board decided to deliberate further on options for raising funds
Stocks to watch today: Lenskart, Zee Entertainment, REC, PFC, Eternal, Airtel, Tata Consumer Products, Vascon Engineers, Nuvama Wealth, Rajesh Exports, among others, will be in focus today.
The company, which did not disclose a medium for the raise, said the board will deliberate further on options for raising funds
Over the weekend, Zee Entertainment Enterprises said it board is scheduled to meet on Wednesday, June 10 to consider and approve raising of funds.