Zee MD & CEO proposes to lay off 15% staff
The proposed structure is aimed towards arriving at a cost-effective operational model, says ZEE.
The proposed structure is aimed towards arriving at a cost-effective operational model, says ZEE.
A board-appointed committee advises that the identified business verticals will need to substantially reduce losses and enhance their performance levels.
Chandra family owns 3.99% stake in ZEE while domestic institutions and foreign institutional investors own 43.59% and 28.19% stake, respectively.
Sony’s termination of the deal with ZEE fuels downward rally; analysts say the scrip may fall to levels seen prior to merger announcement
Zee shares fall to an intra-day low of ₹259.10 before recovering losses and settling at ₹278.25, down 2.06% compared to the previous session
SEBI this month, in another order, had barred Goenka and Chandra from the boardrooms of four Zee group companies
On June 12, Zee promoters Chandra, Goenka were barred by SEBI from taking leadership roles at listed firm; regulator also sought "urgent action" against them
SEBI probe had found Zee made delayed disclosure -- 54 days in 3 instances and 27 days in 2 instances -- to exchanges over the invocation of pledged shares
BofA Securities expects Zee’s revenue growth to remain slow; awaits visibility on merger with Sony Pictures Networks
SEBI's investigation concluded that the launch of Zeeplex was Unpublished Price Sensitive Information (UPSI) which had not been considered as such by ZEE.