Page 27 - Zee Entertainment

Zee Entertainment logs 18.7% rise in revenues in FY19; ad income up 20%

Consolidated operating revenue for Q4FY19 stood at Rs 2,019.3 crore

Zee may tap private equity investors for stake sale as Sony talks fail

Financial investors are seen as a better bet than strategic ones, sources said

Promoters of Zee Entertainment sell Rs 332 crore worth of shares

The rise in share price of Zee Entertainment should help the promoters in paying back their loan against shares-debt by selling lesser stake.

Zee promoters in talks with more than 2 buyers to sell over 50% stake

Earlier this week, Essel group had sealed a formal agreement with its lenders to keep its companies afloat, under which it gets time till September to deleverage or pare its debt

Zee group's Subhash Chandra gives personal guarantee to mutual funds

Lenders ink formal agreement giving them greater control over developments at Zee

Bank of Baroda, Credit Suisse sell Zee Entertainment-pledged shares

Reserve Bank of India circular issued in February 12 last year is expected to hit the standstill proposal by the Essel group promoters

Zee Entertainment promoters may sell up to 25% stake to a strategic partner

As part of its earlier plan in November, Subhash Chandra and family had announced that they were willing to sell up to 50% of their 41.6 % stake in the company

Recent fall in share prices not related to company's performance: Zee Media

ZMCL said that since last few quarters, it is having good performance and remains committed to create value for its stakeholders

After Zee Entertainment, Essel Group's Dish TV allays investor fears

In Zee's case, pledged shares account for 24.71 % of the total equity of the company, which is 59.37% of promoter stake

Volatile Zee shares cast a shadow on MFs' loan-against-shares play

Experts say instances of lower share cover can backfire for fund houses as markets remain in a bearish phase

Rebound in Zee, Dish TV shares despite weakness in markets soothes nerves

Company reaches agreement with lenders to not invoke pledged shares; lenders offer 3 months to Zee Entertainment to find strategic partner

No default so far, clarify Zee Entertainment promoters; stock gains

ZEEL MD Punit Goenka said the moratorium for repayment of loans had been extended beyond April 2019 and that the agreement with lenders was a structured, time-bound and consolidated one

Foreign brokerages turn bullish on Zee Entertainment after stock crash

With growth prospects strong, valuations are 45% lower than 10-year average

Jio may join race to pick stake in Subhash Chandra's Zee Entertainment

RIL, said experts, would be able to consolidate its presence in the OTT and broadcasting space, with an investment in ZEEL

Subhash Chandra's Essel Group, lenders reach agreement over debt servicing

The move came following fears of a likely invocation of pledged shares by lenders on Monday after a steep fall in the stock price of Zee Entertainment Enterprises and DishTV

Subhash Chandra's Essel Group banks on infrastructure, media stake sale

Of the 3 infra assets on the block, one is nearing completion, and the rest will be done in the next 3 to 6 months

Zee denies any link with Nityank Infra amid money laundering allegations

On Friday, the stocks of Essel Group-promoted companies - ZEEL, and Dish TV found themselves in the freefall after the news report was published

Investors hit by Zee group stock crash, panicky MFs meet company officials

MFs have high exposure on debt side; Nearly Rs 50,000 cr public money at stake

Zee Group shares tumble, Zee Entertainment sinks 31%, Dish TV tanks 37%

News reports said that the company was in talks with firms including Sony Pictures to sell half of their holding in the entity.

Zee Entertainment, Dish TV, Ashok Leyland, Graphite India hit 52-week lows

Dena Bank, ICICI Securities, ICICI Prudential, Minda Inds, Nilkamal, Shankara Building Products, BASF India and Tata Elxsi were among 22 stocks from the S&P BSE 500 index hitting their respectively.