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Subhash Chandra resigns as chairman of Zee Entertainment Enterprises with immediate effect
•Zee Entertainment Enterprises Ltd (ZEEL) on Monday said its promoter Subhash Chandra has resigned as chairman of the company's board, with immediate effect
Subhash Chandra retains control of ZEE despite founder's stake in company reduced to 5%
Fp Staff •On Thursday, shares of ZEEL zoomed over 12% after Essel Group said it is planning to sell 16.5% stake in its flagship firm to meet its loan repayment obligations.
Zee Entertainment shares zoom 18.5% on promoters' stake sale to meet loan repayment obligations
•Shares of Zee Entertainment Enterprises on Thursday zoomed 18.5 percent after Essel Group said it is planning to sell 16.5 percent stake in its flagship firm to meet its loan repayment obligations
Dabwali Election Result 2019 LIVE Updates | Assembly Elections; Constituency, Party, Candidate Name Wise Winner, Loser, Leading, Trailing
Fp Research •Dabwali Assembly Constituency Election Results 2019 Live Updates - Read Dabwaliconstituency vidhan sabha chunav latest news, party, constituency, candidate name wise winner, loser, leading, trailing live updates online at Firstpost.com.
Amid liquidity crunch, DNA downs shutter on its print edition, to go fully digital; cites changing reader preference
•Amidst the liquidity crunch the parent Zee Group faces and staggered closure, it's print venture, the Daily News & Analysis (DNA) on Wednesday said it is stopping print edition from Thursday and will go digital, citing changing reader preferences
Essel Group suffers setback as SEBI chief Ajay Tyagi questions extension given by lenders for debt repayment
Fp Staff •The fund houses had an outstanding of over Rs 11,000 crore from Essel Group and had done the unprecedented in granting it more time to repay the debts.
Mutual fund houses grant more time to Essel Group for loan repayment; company makes some part payments to creditors
•The fund houses had an outstanding of over Rs 11,000 crore from Essel Group and had done the unprecedented in granting it more time to repay even in the face of massive corrections in the share prices of ZEEL.
Zee Entertainment continues to fall for straight sixth day, plunges nearly 10% to five-year low
Fp Staff •The shares of Zee Entertainment fell 22 percent in six days from Rs 350 on 13 September to Rs 272 on Monday.
Essel group completes first tranche of stake sale in ZEEL, will divest more to meet MF commitments
•Subhash Chandra-led Essel Group on Tuesday said it has part-completed its promoter stake sale in flagship Zee Entertainment Enterprises, and is working on more divestments to pay off the Rs 13,000 crore owed to lenders
US fund Invesco pays 10% premium to pick 11% more in Zee for Rs 4,224 cr; group to lower debt to Rs 7,000 cr
•The price being paid by Invesco, which is a financial investor already holding 7.74 percent in Zee for long, is around Rs 400 a share,