Page 15 - Zee Entertainment

Top Headlines: Passenger vehicle sales up, legal power to CCI and more

Business Standard brings you the top headlines at this hour

Stocks to watch: Zee Ent, SBI Cards, Tata Chemicals, Glenmark Pharma, Dabur

Stocks to watch today: SBI Cards, Indus Towers will report July-September quarter results on Thursday, October 27; Sony India and Zee Ent plan to sell 3 Hindi channels to address anti-competition

Invesco, others sell 5.51% of Zee Entertainment shares worth Rs 1,396 crore

Investment firm Invesco and OFI Global China along with other entities sold 5.51 per cent in Zee Entertainment Ltd (ZEEL) for more than Rs 1,396 crore through open transactions. A total of 5,29,35,068 shares of the company were offloaded at a price of Rs 263.7 apiece, according to block deal data available with the National Stock Exchange (NSE). OFI Global China and funds managed by Invesco offloaded a total of 5.46 per cent stake. The funds are Invesco Developing Markets Fund, Invesco Emerging Markets Equity Trust, MML Strategic Emerging Markets Fund and Invesco Emerging Markets Equity Trust. Besides, PF Emerging Markets Fund and Emerging Markets of the Pacific Select Fund sold ZEEL shares, as per the data. The total transaction value is more than Rs 1,395.89 crore. At the end of the June quarter, OFI Global China owned 10.14 per cent stake in the company. A clutch of mutual funds, foreign investors and insurance companies bought the shares. They include Aditya Birla Sun Life M

Zee Entertainment surges 6% after 53 mn shares change hands via block deal

According to reports, Invesco Developing Markets Fund, which has a 10.14 per cent stake in ZEE, was looking to sell half of its stake in the company in a block deal

Invesco to sell 5.51% stake in Zee Entertainment for over Rs 1,300 cr

This is the second block deal by Invesco in seven months, which offloaded 7.8% stake in Zee Entertainment in April

Top Headlines: Zee shareholders on Sony merger; India wheat flour export

India has allowed export-oriented units and the firms set up in Special Economic Zones to export flour made from imported wheat, a government order said. Read more on this in our top headlines

99.99% of Zee Entertainment shareholders vote for merger with Sony

Attention will likely shift back to the Competition Commission, which had granted conditional approval to the proposed deal last week

Zee Entertainment gets shareholders' nod for merger with rival Sony

Zee Entertainment Enterprises Ltd (ZEEL) on Friday said its shareholders have approved the proposal to merge with the rival Culver Max Entertainment Pvt Ltd, formerly known as Sony Pictures Networks India (SPNI). ZEEL received 99.99 per cent of the total vote polled favouring the resolution for the composite scheme of arrangement between the transferor company Zee Entertainment and Bangla Entertainment Pvt Ltd (BEPL) with the transferee Culver Max Entertainment (CME), said a regulatory filing by home-grown media major. This comes almost weeks after the fair trade regulator CCI's conditional approval to the mega merger deal between Sony and Zee, which will create one of the largest media groups in the country. ZEEL had called a meeting of its equity shareholders on Friday following the orders of the National Company Law Tribunal, which had directed it to get the scheme of arrangement approved from them as per the procedures of the Companies Act. "The approval marks yet another firm

Zee stock gets a boost post CCI clearing mega merger deal with Sony

Though there are some near-term concerns on the business front, most analysts are positive

Zee Entertainment gains 6% after CCI's conditional nod for merger with Sony

Analysts believe that the approval paves way for the consummation of the merger by Q4 of this fiscal year.

Top Headlines: Reliance Jio 5G trials today, Musk-Twitter deal, and more

Advancing its 5G launch, Reliance Jio will start a beta trial of the service in four cities on Wednesday, offering select customers unlimited data with up to 1 Gbps speed

CCI gives conditional nod to Zee-Sony merger, formal order awaited

Sony and Zee confirm development, say awaiting remaining regulatory approvals

Zee Entertainment may switch off Marathi channel to allay CCI concerns

Zee Marathi is category leader and among oldest in its bouquet

Zee offers to shut down major entertainment channel for merger with Sony

The identity of Zee channel offered to shut down is not known yet

Zee Ent shareholders approve reappointment of Punit Goenka on board

Shareholders of Zee Entertainment Enterprises Ltd (ZEEL) on Friday approved all eight resolutions in the Annual General Meeting of the company. The resolution for the re-appointment of its Managing Director Punit Goenka on board was also approved at the 40th AGM with the required majority. ZEEL also got the approval of the special resolution for the re-appointment of R Gopalan as Independent Director of the company, said a regulatory filing. "All the resolutions presented to the shareholders were approved during the meeting, expressing complete support towards the management and its strategic initiatives lined up for the future of the Company," said ZEEL in a statement. Last year in December ZEEL announced its merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India. The proposal has received approval from stock exchanges BSE and NSE and is currently before the fair trade regulator Competition Commission of India.

Zee Media moves Delhi High Court against I&B Ministry on Ku-Band issue

I&B Ministry had asked Zee Media to remove its ten regional news channels from the Ku-Band (a form of satellite frequency) on the GSAT-15 Satellite, that was making these accessible on DD Freedish

Stocks to Watch: Torrent Pharma, ONGC, Dr Reddy's, BHEL, BPCL, Birla Corp

Stocks to Watch: Dr Reddy's has received US FDA nod for marketing Timolol Maleate, which is used to treat Glaucoma

Bull run enters 4th day; Sensex up 456 pts, Nifty tops 18,050; metals lead

CLOSING BELL: Top large-cap gainers were Bajaj Finserv, IndusInd Bank, Bharti Airtel, Tata Consumer Products, L&T, Britannia, Bajaj Finance, SBI Life, and Tata Motors.

Stocks to Watch: HDFC Life, TCS, Zee Entertainment, OMCs, Coal India

Stocks to Watch: Abrdn, formerly Standard Life, is looking to sell 2 per cent of its stake in private sector insurer HDFC Life via block trades on Tuesday

Top Headlines: Smaller i-banks join IPO party, Sony-Zee merger, and more

Bulge-bracket investment banks (i-banks) are getting picky about initial public offerings (IPOs) amid a growing list of companies aspiring to go public