Page 4 - Zee Group

Securities Appellate Tribunal defers Zee-Sebi matter to September 13

The confirmatory order passed by Sebi chief Madhabi Puri Buch barred Goenka from holding any key managerial positions in the Zee group of companies

SAT refuses to give interim relief to Punit Goenka, lists matter for Sep 8

The Securities Appellate Tribunal (SAT) has refused to give interim relief to Punit Goenka, former chief of Zee Entertainment Enterprises Ltd, against a Sebi order that barred him from holding key positions in four Zee group firms and in the merged entity of ZEEL and Sony Pictures Networks India. "After hearing the learned senior counsel for the parties at some length, we are of the opinion that the matter has to be decided finally. We, consequently, direct the respondent (Sebi) to file a reply by Monday, September 4, 2023," the bench of Presiding Officer Justice Tarun Agarwala and Technical Member Meera Swarup said in their order passed on Wednesday. The matter will be listed for final disposal on September 8, the appellate tribunal said in its order uploaded on its website on Thursday. Goenka moved SAT last week challenging capital markets regulator Sebi's confirmatory order passed on August 14. In its order, Sebi restrained Goenka and his father Subhash Chandra from holding the

Street Signs: Bearish momentum may continue, the Zee-Sony trade & more

Analysts also do not rule out a range-bound movement and consolidation around current levels until a definitive breakthrough occurs on either side

NCLT's nod to ZEE-Sony India merger will trigger stock re-rating: Analysts

Shares of Zee Entertainment Enterprises soared as much as 20 per cent on the BSE in Thursday's intra-day trade after the National Company Law Tribunal approved the company's merger with Sony India

SAT to hear Sebi's appeal for modification in Zee order on July 27

Sebi, in its appeal, has asked for the modification on the direction for appointing a different WTM

Zee Entertainment forms interim committee to run operations; shares up 6.3%

SAT directed SEBI to pass a final order by the middle of next month and asked Chandra and Goenka to defend themselves before the regulator

Zee, IndusInd settle dues; NCLAT disposes of NCLT insolvency order

The appellate tribunal also told both parties to pay their dues to the Interim Resolution Professional

Sebi penalises promoter entity of ZEEL for certain disclosure lapses

Sebi has penalised Cyquator Media Services, a promoter entity of ZEE Entertainment Enterprises Ltd (ZEEL), for certain disclosure lapses. A fine of Rs 4 lakh has been imposed on Cyquator for failing to make adequate disclosures regarding certain trades in shares of ZEEL. The regulator had conducted an examination of trading in ZEEL shares by the entity to ascertain any possible violations of insider trading norms during the period from January 1 to December 26, 2019. "It was observed that the noticee (Cyquator Media Services) being a promoter has made delayed disclosure with respect to creation of pledge and also failed/made delayed disclosures w.r.t. invocation and sale of pledge to ZEEL and exchanges," Sebi said in an order passed on Friday. A show cause notice was issued to the noticee, which submitted its reply. The noticee contended that failure to make disclosures within the stipulated time, was unintentional, technical or inadvertent and that no gain or unfair advantage has

Subhash Chandra, ZEEL MD & CEO move SAT to challenge Sebi's order

Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises Ltd MD and CEO Punit Goenka have moved the Securities Appellate Tribunal challenging the Sebi interim order that barred them from holding the position of a director or key managerial personnel in any listed company, sources said. Market regulator Sebi took action against Chandra and Goenka for allegedly siphoning off funds of Zee Entertainment Enterprises Ltd (ZEEL). They have challenged the Sebi order at Securities Appellate Tribunal (SAT) and the hearing is slated for Thursday (June 15), sources in the know of the development said. As per their plea, there was no show cause notice issued to them and the principles of natural justice were not followed, the sources added. Comments from ZEEL could not be obtained as an e-mailed query remained unanswered. In its interim order, Sebi noted that Chandra and Goenka alienated the assets of ZEEL and other listed companies of Essel Group for the benefit of associate ...

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

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

Sony aims to expand creations rooted in Indian culture via merger with Zee

Japanese conglomerate Sony Group Corporation aims to expand creations rooted in local culture in India through the expected merger of its arm Sony Pictures Networks India with Zee Entertainment Enterprises Ltd, its Chairman and CEO Kenichiro Yoshida said on Thursday. The group, which is present in India through electronics, music, media and entertainment, expects to close the merger with Zee Entertainment Enterprises Ltd (ZEEL) within the first half of fiscal year, he said while speaking at Sony Corporate Strategy Meeting 2023 in Tokyo. Under the long-term vision of expanding the number of people directly connected to the Sony Group to 1 billion people, Yoshida said, "I would like for us to continue delivering Kando (Japanese word for emotion) in specific areas such as anime, games, and in India, and make use of them in our creations." He asserted that Sony has been working to spread 'Kando' in India since the 1980s with Sony India, which leads the electronics business, "providing .

Sebi's Shirpur Gold Refinery order raised before NCLT, may bite Goenkas

Bourses NSE, BSE brought up the issue during Zee-Sony merger hearing

Zee Music Company renews its licensing agreement with YouTube, Meta

Zee Music Company, a division of media firm Zee Entertainment Enterprises Ltd (ZEEL), on Friday announced the renewal of its licensing agreement with YouTube and Meta, earlier known as Facebook. The deal with two of the world's largest digital content-streaming companies will allow them to access music content from Zee Music's catalogue of over 11,000 songs, said a statement. As part of the deal, users can continue to use Zee Music Company's entire catalogue to create multiple social experiences across YouTube as well as Meta platforms, such as Facebook and Instagram, it added. "With an increasing number of audiences tuning in to Indian music from across the globe, the inclusion of the latest music libraries from India will allow users and YouTube Shorts creators to stay up to date with the latest music trends and styles," it noted. With its massive user base, YouTube is one of the largest digital content platforms, and the ongoing collaboration is set to elevate the music experien

Zee Entertainment calls report of $10 million repayment 'speculative'

In a report on Thursday, Bloomberg said that the media company has agreed to repay its dues to the IndusInd Bank to resolve insolvency proceedings against it

Zee Entertainment insolvency: NCLAT to hear Punit Goenka's appeal today

Goenka had appealed the NCLT's decision to allow IndusInd Bank to file for insolvency proceedings against Zee

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

Sony and Zee confirm development, say awaiting remaining regulatory approvals

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

Zee is in talks with CCI to get approval for merger with Sony Entertainment

As per the BARC data for the ongoing financial year (2023), the merged entity has 36 per cent TV viewership market share in the Hindi GEC segment, and 33 per cent in the Hindi movies channels.

ICC media rights: Winner for 2023-31 cycle to be announced on Saturday

Broadcasters Disney-Star, Sony, Zee and Viacom18 have submitted their bids, it is reliably learnt, after protesting about the lack of transparency in a closed-loop exercise

Zee-Sony merger gets BSE, NSE nod after agreement signed last December

Merged entity to retain Zee's stock market listing, though Sony would provide large cash injection and hold 51% stake