Page 26 - Zee Entertainment

Subhash Chandra to sell 16.5% stake in Zee, become minority shareholder

Will sell 16.5% stake and retain 5.9%; promoters to retain management control

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

Zee lenders begin strategic sale, promoter shares moved to escrow accounts

Sources familiar with the developments said following the sale of stake to a strategic investor, the promoters might have only 12 per cent, including the 10 per cent stake with VTB

Picture remains hazy for Zee as financials worsen; stock falls 5.5%

Content inventory, related party transactions weigh on cash flows

Zee Entertainment management reassures lenders on stake sale plan

The promoters of Essel group have got further extension from the lenders

Promoters replenish Rs 200 cr for Zee Entertainment to avoid capital loss

The promoters had earlier sold their 11% stake in Zee to Oppenheimer

Zee's Q2 net profit misses estimates on ICD write-off worth Rs 170 cr

Rs 170-cr exceptional item provided for as related parties delayed payment

90% of promoters' stake in Zee pledged with financial institutions

The Zee management indicated that the delay in closing the balance sale was due to restrictions on insider trading window

Essel group promoters plan to sell non-media assets to repay debt

The move comes with the promoters getting the much-needed extension of up to six months to pay their dues from most of the mutual funds

Debenture trustee sells Rs 200 crore of Zee Entertainment shares

The share sale comes at a time when Essel group is trying to get an extension from mutual funds (MFs) and other lenders to clear its dues

Zee Entertainment slips for sixth straight day, loses 10% to hit a 5-yr low

In the past three days, the stock of Essel Group Company has plunged 19 per cent.

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

Nestle's inclusion in Nifty to raise FMCG weight; pvt banks to stay at top

Despite the churn, the private banks will still top the chart with a weightage of 26 per cent in the index, followed by the energy sector at 23 per cent.

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.

MFs' Essel group exposure likely to fall by 30-50% after Zee stake sale

Zee stake sale to Oppenheimer would benefit MFs holding the firm's shares as collateral

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

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

Zee may have offloaded its stake but it isn't enough to satisfy investors

Apart from the debt burden, Zee is also facing competition from Netflix Inc., Amazon.com Inc. and hundreds of local TV channels vying to serve India's booming demand for content

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.

Comcast, partners make offer for stake in Subhash Chandra's Zee Ent

Comcast, partners make offer for stake in Subhash Chandra's Zee Ent plan to snap up a 51% stake in the media company.

Zee Entertainment consolidated net profit rises 63% to Rs 530 crore in Q1

The net profit was driven by a 108.9 per cent increase in other income of Rs 103.9 crore