In the past two weeks, the stock price has tanked 40 per cent, as compared to 18 per cent decline in the Sensex in the same period
Bhojpuri, Punjabi, Gujarati, Odia are among the new languages driving growth and action in the television market
In a clarification to the exchanges, Zee acknowledged that it had received a letter from the MCA, seeking information and inspection
In the past two weeks, ZEEL has underperformed the market by falling 23 per cent after reporting disappointing numbers for the quarter ended December 2019 (Q3FY20).
According to the management, the domestic ad revenue was hit by the persisting slowdown in the key consumer sectors.
The advertising revenue for the quarter came in at Rs 1,230.8 crore, down 15.8% YoY
Valuations appear attractive, but near-term concerns remain
Nearly 70 per cent of share gains for Zee came from its regional network.
Almost 15 channels of the 59 within its overall network are regional-language channels, with plans to fill key gaps in the future
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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
independent directors Neharika Vohra and Sunil Sharma stepped down on November 22 and November 24, respectively, the company said
Zee also said it had a definitive plan in place to recover the outstanding amounts from Dish TV and Siti Cable, and that it was monitoring the situation closely
Zee said Chandra would continue to "mentor" the management, coming at a time when the promoter family has retained management control with only 5.9 per cent stake in the company
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Chandra will be non-executive director and 'mentor' to management
The Subhash Chandra-led cash-starved Essel Group on November 20 said it is planning to sell 16.5 per cent stake in its flagship ZEEL to financial creditors to meet its loan repayment obligations
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In the past three trading days, the stock of ZEEL has rallied 27 per cent, as compared to a 0.25 per cent decline in the Nifty 50 index.
While 1 per cent of the promoters' holding will still be pledged, analysts believe issues related to promoter debt will come to an end