Page 2 - Essel Group Zee Entertainment

Bombay High Court adjourns hearing on appeal by Subhash Chandra to June 26

Chandra had filed an appeal against the order and summons by Sebi in the alleged fund diversion matter in Zee Entertainment Enterprises

Zee Entertainment to raise nearly $240 million, to use funds for growth

Zee said it will use the funds to "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape"

Zee Media Corporation terminates CEO Abhay Ojha; Idris Loya to take over

Zee Media Corporation Limited said it had confirmed the cessation of employment of chief executive officer (CEO) Abhay Ojha with effect from May 4, 2024

Amid 'frugal focus', Zee Ent boss Punit Goenka to take 20% pay cut

In January of this year, Japan's Sony Corporation decided to withdraw from a merger of its India unit with Zee, leading to a decline in Zee's share price

Zee president and group chief technology officer Nitin Mittal resigns

Zee Entertainment's president and group chief technology officer Nitin Mittal has resigned as the company streamlines the vertical. The board of the company has accepted the resignation of Mittal, who was working in this role for the last two years, it added. This announcement comes amid strategic changes in the technology and data vertical, implemented by managing director and CEO Punit Goenka, a ZEEL statement said. "The MD & CEO has accepted the resignation of Nitin Mittal," it added. Under the guidance of the Board and in line with the strategic approach undertaken by the MD and CEO, significant steps are being implemented to build a new lateral structure that lays a sharper emphasis on accountability and results," said ZEEL. This is the second major exit from ZEEL recently. Last week Rahul Johri, who was President - Business of ZEEL, and heading revenue and monetisation, resigned after a stint of over three years. Earlier this month, its Chairman R Gopalan in an investor ..

SAT to hear Subhash Chandra's appeal in fund diversion case tomorrow

In the same order, issued in August 2023, Chandra's son Punit Goenka was granted relief by the tribunal

Zee Entertainment mulls filing counterclaims against Sony India in SIAC

Legal experts say Zee took several steps to merge the companies which resulted in litigation costs

Zee moves NCLT, SAIC against Sony Pictures post collapse of merger deal

Meanwhile, Sony India is going full steam ahead with its plans without Zee and said it is looking for both organic and inorganic growth opportunities in India

Zee reported to have missed $200 mn cricket fee deadline to Disney

The Indian entertainment company was betting on the TV rights to retain its viewership and attract more advertisers in the cricket-crazy nation of more than 1.4 billion people

Zee-Sony merger may be called off, termination notice to be filed by Jan 20

Discussions are still ongoing between the two sides and a resolution can still emerge before the deadline

Sony-Zee merger risks collapse ahead of its deadline over CEO drama

Zee is insisting that its Chief Executive Officer Punit Goenka - also its founder's son - will helm the new entity, as agreed in the pact signed in 2021, while Sony is wary of his appointment

Zee-Sony India merger talks stall over disagreement on leadership: Report

A failure to reach an agreement on leadership by December 21 may derail the merger, a news report said.

Relief for Zee Entertainment's Punit Goenka as SAT sets aside Sebi's order

With this, Goenka can now be appointed as the Managing Director (MD) of the merged entity

Punit Goenka appeals before SAT for relief from Sebi's Aug 14 order

The Zee Ent promoter has been barred holding key positions in four group firms and merged entity

Subhash Chandra moves to get family's stake in Dish TV back from JC Flowers

With JC Flowers ARC's 24.19% stake in the company, Chandra's total holding in the satellite TV operator will rise to 28.2%, if the transaction goes forth

LIVE: Supertech promotor RK Arora arrested by ED in money laundering case

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SAT reserves order on Zee Promoter's appeal in fund diversion case

Tribunal will soon pronounce if the bar on Chandra & Goenka from holding key positions can be lifted

LIVE: Wagner head releases 11-min audio in 1st message since halting mutiny

Catch all the latest updates from across the globe here

Sony-Zee merger expected to be completed by September: Sony CEO Yoshida

CEO Yoshida said that India has become the most populous country in the world and this has created innumerable opportunities for growth and this is especially true for the entertainment industry

Zee Entertainment calls report of $10 million repayment 'speculative'

In a report on Thursday, Bloomberg said that the media company has agreed to repay its dues to the IndusInd Bank to resolve insolvency proceedings against it