Page 6 - Zeel

Three Zee Entertainment directors resign, cite related-party transactions

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 Entertainment slips 9% in firm market post Q2 results

Its profit before tax declined 22 per cent year on year (YoY) to Rs 504 crore for Q2.

VTB Group acquires rights to sell 10.71% stake in ZEEL to recover loan

ZEEL in a regulatory filing said VTB Capital Plc has secured the right to potentially monetise 10.28 crore shares of the company held by its promoter Essel Media Ventures

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

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.

Invesco Oppenheimer buys 11% of Essel group's stake in ZEEL for Rs 4224 cr

After the additional stake buy, the fund's shareholding in ZEEL will rise to 19 per cent, while the promoters' stake will come down to 25 per cent

Invesco deal better as it meets my timelines: ZEEL's Punit Goenka

We would have liked it to be Comcast too but this is a better deal because it was meeting my timelines, says Punit Goenka

ZEE gains 5% in weak market on strong June quarter performance

The company reported 54 per cent year-on-year jump in its consolidated net profit to Rs 530 crore in June quarter

Dish TV promoters may cash out for Rs 5,000 cr, Bharti Airtel to pick stake

Bharti Airtel, Warburg Pincus to buy Jawahar Goel's 58% stake at Rs 45-50 a share

Board to put an end to market rumours on co's FY19 results on May 27: ZEEL

Zee Entertainment Enterprises Wednesday said its board will consider standalone and consolidated results for 2018-19 on May 27, scotching "market rumours" that raised concerns about audit of the company's financial statements. In a regulatory filing, the company said it has been informed that "there are certain rumours floating in the market raising concerns about audit of the financial statements of the company for the fiscal year ended March 31, 2019." "We deny the above rumours floating in the market relating to audit of the financial statements of the company,"Zee Entertainment Enterprises Ltd (ZEEL) said. It further said, "We wish to inform that the audit of the standalone and consolidated financial statements for FY 18-19 is very much in progress by M/s Deloitte Haskins & Sells, LLP, the statutory auditors of the company." The company has already scheduled the meeting of the board of directors on May 27, 2019, to consider the said financial results at this meeting, it ...

ZEEL buys balance 49% in India Webportal for Rs 197 cr

Company will also acquire 12.5% stake in Tagos Design Innovations for Rs 16.08 crore

ZEEL PAT up 28% in Q2FY17

The company saw consolidated revenue growth at 23% in Q2FY17 to Rs 1695.4 crore from Rs 1378.6 crore last year

ZEEL board approves acquisition of Fly By International; stock dips 3%

The board has in-principle approved acquisition of 100% equity stake in Fly By International