Page 3 - Essel Group Zee Entertainment

Essel Group stocks witness frenzied buying; Zee Entertainment zooms 40%

Analysts positive on institutional shareholders Invesco, OFI Global's call for removal of Goenka as director

Newsmaker: Meet Essel Group's Subhash Chandra, the restless media mogul

His journey from an 18-year-old who turned around family's food grain processing business to becoming head of an eclectic Rs 30,000 crore (pre-crisis) empire is now part of corporate legend in India

Here's what may trigger re-rating of ZEEL stk post 94% YoY dip in Q1 profit

Emkay Global believes multiple re-rating of the stock will happen along with the changes in Q1 and consistency in balance sheet improvement

Ambani vs Chandra: Media convergence looks set for a new game of thrones

Reliance announced the merger of its various content, distribution, and media properties in its listed subsidiary Network18 earlier this week.

Zee Entertainment dips 4% as Q3 profit plunges on low ad revenue, high cost

According to the management, the domestic ad revenue was hit by the persisting slowdown in the key consumer sectors.

Cash cows sold, cash guzzlers remain: Rocky ride ahead for Chandra's Essel

Analysts say the group is now largely left with cash guzzlers like Dish TV, Zee Media, Siti Networks, Shirpur Gold, and Essel Infraprojects

Top 10 business headlines: RBI pauses on rate cut, GST slab raise & more

From RBI keeping rate cut unchanged, tough road for Subhash Chandra's Essel to Saudi Aramco raising $25.6 bn in largest-ever IPO, Business Standard brings you the top headlines of the day.

After Subhash Chandra's exit from Zee, acid test awaits son Punit Goenka

The litmus test for Goenka would be to take the financial investors, who've backed Zee, along with him even as he strives to weather the latest storm

Subhash Chandra resigns as chairman of Zee Entertainment Enterprises

The company's board has accepted the resignation, ZEEL said in a regulatory filing

Zee Ent slips 3% as Brickwork downgrades preference shares, issuer rating

The downgrade in the rating inter alia factors the deteriorating financial flexibility of the group marked by an increased pledge of promoter holding and continuous volatility in share price movement

Sharp earnings downgrades for Dr Reddy's, Zee Entertainment and IOC

Among other Nifty companies, ZEEL has seen an earnings cut of over 8%

Punit Goenka to remain Zee's MD as lenders prepare for share sale

Goenka, who is the elder son of Essel group promoter and Zee chairman Subhash Chandra, has been MD of the media firm since January 1, 2010.

ZEEL hits over 6-yr low after Essel Media pledges 11% equity with VTB Cap

A little over 90 per cent of the promoters' 22 per cent shareholding in ZEE is pledged with financial institutions, the management said during an investors' call

Essel Group shares tumble; ZEE tanks 12%, Dish TV hits over 10-year low

Investors' sentiment dented after reports suggested that the court order could impact the group's future monetisation plans in Zee Entertainment.

MFs get first lot of dues from Essel on 8.7% Zee Entertainment stake sale

As part of the 'standstill' agreement with MFs and other creditors, Essel promoters have till September-end to clear remaining dues

Zee Entertainment slips 25% in seven days, trades near 52-week low

The stock was trading at its lowest level since January 25, 2019 and was 5 per cent away from its 52-week low of Rs 289 touched on the same day.

No immediate relief in sight for Zee Entertainment, stock falls over 4%

Stake sale meets only 38% of outstanding loans of promoter group

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.