Page 12 - Zee Entertainment

Zee Entertainment slips 7% to hit 52-week low amid heavy volumes

The stock quoted its lowest level since September 2021, with over three-fold jumped in average trading volumes

Top headlines: Byju's sacks staff, Zee Ent terms Sebi's order unjustified

Business Standard brings you the top headlines at this hour

Sebi order 'unjustified and unwarranted', Zee Ent argues before SAT

Tribunal adjourns case to June 26

Sebi calls for urgent action against Zee promoters in its reply to SAT

Market regulator Sebi in its reply to the Securities and Appellate Tribunal (SAT) on the Zee Entertainment Enterprises Ltd's plea has called for urgent action against the promoters in the alleged fund diversion case to safeguard the management, investors and other stakeholders. In its affidavit, the Securities and Exchange Board of India (Sebi) pointed out that the applications made by Chairman Emeritus Subhash Chandra and Managing Director and CEO Punit Goenka on July 6, 2022, that "there was no urgency and that the same issue is the subject matter of the show cause notice dated July 6, 2022, is completely false and misleading." Sebi further stated that "not only have there been violations but also the issuance of multiple false disclosures and submission of statements to cover up such wrongdoings." "In the instant case, we have a situation before us where the Chairman Emeritus and the Managing Director and CEO of this large listed company are involved in a myriad of different ...

Sebi justifies 'urgent action' against Zee Entertainment in 197-page reply

In affidavit to SAT, regulator says move taken to safeguard management, protect investors and stakeholders

Stocks to Watch today, June 14: Adani Group, Zee, RIL, Maruti, SBI Life

Stocks to watch on June 14, 2023: BHEL, Delta Corp, Indiabulls Housing Finance, IEX, India Cements and Manappuram Finance are the six stocks in F&O ban period today.

Sony likely to seek forensic audit of Zee Entertainment, say lawyers

The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director

RIL, ITC lift Sensex 418 pts, Nifty regains 18,700; MRF tops Rs 1-L mark

CLOSING BELL ON JUNE 13, 2023: In the broader market, the BSE MidCap index soared 1.2 per cent, while the Smallcap added 0.8 per cent on Tuesday.

SAT to take up Zee Ent promoter plea against Sebi order on June 15

'Principles of natural justice' not followed, say legal representatives

ZEE slips 6% as Sebi bars Punit Goenka, Chandra from holding key positions

The matter pertains to a Letter of Comfort (LoC) granted by Chandra in September 2018 towards credit facilities taken by certain group companies from YES Bank. The credit amounted to Rs 200 crore

Stocks to Watch today, Jun 13: HDFC, Airline, Zee, Patanjali, EIL, HeroMoto

Stocks to watch on June 13, 2023: Shares of airline company are likely to be in focus on Tuesday after the DGCA eased norms to launch new overseas destinations.

NCLAT sets aside NCLT order on Zee Entertainment-Sony India merger

The appellate tribunal set aside the NCLT order on grounds of "violation of principles of natural justice"

NCLAT to hear Zee Entertainment's plea challenging NCLT order today

NCLT had directed Indian bourses to reconsider their prior approvals for the merger of ZEEL and Culver Max Entertainment, formerly called Sony Pictures India

Zee Entertainment hits 52-week low, down 2% on weak March quarter earnings

The advertisement revenues decline (amid weak ad spends), higher movie content and Zee5 costs impacted margins and one-off charges further exacerbating the bottomline pain.

Stocks to Watch today, May 26: Voda Idea, Hind Zinc, RIL, SAIL, Zee, Emami

Stocks to watch on May 26, 2023: BEML, BHEL, Grasim, M&M, ONGC, Shree Renuka Sugars, Sun Pharma and Wockhardt among prominent companies scheduled to announce Q4 results on Friday.

Zee Entertainment posts loss of Rs 196 cr on low ad demand, higher costs

Zee posted a consolidated net loss of 1.96 billion rupees ($23.7 million) for the fourth quarter ended March 31, against a profit of 1.82 billion rupees a year ago, a regulatory filing showed

NCLAT defers Zee Entertainment's plea over merger approval to Friday

The National Company Law Appellate Tribunal (NCLAT) has deferred the hearing to Friday on Zee Entertainment's petition against the NCLT order, directing bourses NSE and BSE to reconsider their approval for its merger with Culver Max Entertainment. A two-member NCLAT bench on Thursday directed the counsel appearing for Zee Entertainment Enterprise Ltd (ZEEL) to remove defects in the petition and directed to list the matter for the next day for hearing. The appellate tribunal was hearing the appeal filed by ZEEL against the order passed by the Mumbai bench of the National Company Law Tribunal (NCLT) on May 11, 2023. The NCLT had directed NSE and BSE to reconsider their prior approvals for the merger of ZEEL and Culver Max Entertainment (earlier known as Sony Pictures Networks India). It had also asked the bourses to reassess the non-compete fee under the clause of the merger. The said order was challenged by ZEEL before the appellate tribunal, contending that it was not granted adequ

Stocks to Watch today, May 22: Adani Group, Realty, NTPC, Zomato, Zee Ent

Stocks to watch on May 22, 2023: The Rs 2,000 note withdrawal could have an impact ont the real-estate companies, believe Indian CEOs.

Zee starts settlement talks with creditors to close Sony merger: Reports

The repayments are crucial for the merger, which will create a media firm with the biggest viewership and pricing power in the country of more than 1.4 billion people

Sensex dips 184 pts as RIL, HDFC twins weigh; Avalon Tech tanks 9% on debut

CLOSING BELL: The broader markets outperformed; Midcap and SmaIlcap indices were up 0.5 per cent and 0.2 per cent, respectively.