Zee Entertainment Enterprises

Zee Entertainment Enterprises News

Aplab to remove debt-ridden Zee Entertainment Enterprises from promoter list to public
Business

Aplab to remove debt-ridden Zee Entertainment Enterprises from promoter list to public

Electric equipment maker Aplab on Wednesday said it will reclassify debt-ridden Zee Entertainment Enterprises Ltd (ZEEL) from promoter category to public category

Two former directors of Zee Entertainment flagged issues; company says matter discussed, acted upon
Business

Two former directors of Zee Entertainment flagged issues; company says matter discussed, acted upon

Two former directors of Zee Entertainment - Subodh Kumar and Neharika Vohra - who resigned from its board, had raised concerns over several issues, including Rs 2,200 crore film advance given in 2018-19, according to a regulatory filing by the firm

Zee Entertainment shares down over 7% after Subhash Chandra's resignation; m-cap declines by Rs 2,300 cr
Business

Zee Entertainment shares down over 7% after Subhash Chandra's resignation; m-cap declines by Rs 2,300 cr

Shares of Zee Entertainment Enterprises on Tuesday plunged over 7 percent after Subhash Chandra resigned as chairman of his flagship company

Subhash Chandra resigns as chairman of Zee Entertainment Enterprises with immediate effect
Business

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

Zee Entertainment shares zoom 18.5% on promoters' stake sale to meet loan repayment obligations
Business

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

Essel group completes first tranche of stake sale in ZEEL, will divest more to meet MF commitments
Business

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
Business

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,

No concerns over financial statements for FY19, board to consider results on 27 May: Zee Entertainment
Business

No concerns over financial statements for FY19, board to consider results on 27 May: Zee Entertainment

Zee said it has been informed that "there are certain rumours floating in the market raising concerns about the audit of the financial statements of the company

Mutual fund houses ask SEBI to give more time to Essel Group's promoters to rope in strategic investors
Business

Mutual fund houses ask SEBI to give more time to Essel Group's promoters to rope in strategic investors

Essel Group has sealed a formal agreement with its lenders including mutual funds and NBFCs, to get time till September to de-leverage or pare its debt

Essel Group promoters open to selling over 50% of their stake in Zee Entertainment, in talks with over 2 buyers
Business

Essel Group promoters open to selling over 50% of their stake in Zee Entertainment, in talks with over 2 buyers

As on 31 December, 2018, promoters held 41.62 percent stake in ZEEL Entertainment Enterprises Ltd

Essel Group lenders seek personal guarantee for payment obligations from chairman Subhash Chandra
Business

Essel Group lenders seek personal guarantee for payment obligations from chairman Subhash Chandra

Aditya Birla Sun Life MF’s debt exposure in the form of loans against Zee group shares was to the tune of about Rs 2,700 crore

Zee Entertainment stake sale process to be completed before April deadline; in talks with US firms: CEO Punit Goenka
Business

Zee Entertainment stake sale process to be completed before April deadline; in talks with US firms: CEO Punit Goenka

Goenka, in an interview, said that the controversy at parent Essel Group has in no way affected Zee's stake sale

Essel Group gets time from lenders till September to clean its books, keep listed entities afloat
Business

Essel Group gets time from lenders till September to clean its books, keep listed entities afloat

Essel Group, which has high debt, defaulted on some of the payments, which led to the share pledge

Zee Entertainment shares bounce back, surge 20% to Rs 382 as company denies links with firm being probed by SFIO
Business

Zee Entertainment shares bounce back, surge 20% to Rs 382 as company denies links with firm being probed by SFIO

Shares of Zee Entertainment Enterprises bounced back Monday, surging 20 percent, after it denied links with a company being probed by the SFIO for suspicious demonetisation deposits

Delhi smog: Companies allow work from home, flexible hours, distribute anti-pollution masks to ensure staff wellness
India

Delhi smog: Companies allow work from home, flexible hours, distribute anti-pollution masks to ensure staff wellness

companies operating in the Delhi-NCR region are offering the much-needed assistance to protect its employees against health hazards.