It was alleged that the entities violated insider trading norms and disclosure lapses under SAST (Substantial Acquisition of Shares and Takeovers) regulations.
Though the stock has gained 35% over the past month, given that target prices of brokerages range between Rs 410-Rs 450 a share, there is still an upside of over 37% likely from the current levels
CEO and managing director of Zee Entertainment speaks on alliance with Sony India announced on Thursday.
Buying was seen across the board; Micap and Smallcap indices finished with gains of 1.5 per cent each, overall breadth too was extremely positive
About 53% of the merged entity would be owned by Sony and the rest by Zee's holders, according to the non-binding agreement signed in September
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As Invesco has proposed to appoint six directors on the board of Zee, it would tantamount to taking control of the company, says Zee's counsel
Accuses Invesco of wanting to merge Zee with a rival at the cost of Zee shareholders
Says he will ensure no one maligns Zee's intrinsic value, and will continue to pursue this in the best interests of shareholders, and at immense personal costs
The move follows a NCLAT order on Thursday that granted ZEEL more time to file its reply
Board sidesteps questions on corporate governance lapses
Shares of Zee Entertainment Enterprises fell 3.7 per cent and that of Bharti Infratel ended flat. The two companies will be removed from the bluechip index
The broadcaster sent teams to engage with audiences for its regional language programming
YES Bank has Rs 8,000-crore exposure to Essel Group
ICICI Bank (down 9 per cent) being the biggest loser and Hindustan Unilever (HUL) -- up around 3.5 per cent -- the biggest gainer
The domestic services industry began 2020 in a buoyant mood as activity accelerated in January at the fastest pace in seven years on strong domestic demand
According to the management, the domestic ad revenue was hit by the persisting slowdown in the key consumer sectors.
Valuations appear attractive, but near-term concerns remain
Sony, said sources, is expected to evaluate its options carefully owing to regulation around foreign direct investment in media
While 1 per cent of the promoters' holding will still be pledged, analysts believe issues related to promoter debt will come to an end