Zee case: SEBI replies to SAT; seeks urgent action against promoters
SEBI reiterates Zee promoters were involved in schemes and transactions via which vast amounts of public money were diverted to their private entities
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Zee Entertainment shares plunge 6% after SEBI order on Subhash Chandra, Punit Goenka
ZEEL’s former chairman Subhash Chandra and his son and MD & CEO Punit Goenka have been barred from holding directorial, key managerial roles in any listed company or its subsidiaries.
ZEE enters settlement with IndusInd Bank; stock jumps 5%
ZEE and IndusInd Bank have mutually entered into the settlement agreement under which all disputes and claims have been settled between the parties.
Dish TV shareholders reject 4 resolutions at AGM; stock dives 10%
Dish TV shares have fallen nearly 24% in the last three sessions after its chairman Jawahar Lal Goel resigned from the company's board.
Dish TV stock zooms 20% in 2 sessions; here’s why
Dish TV share price has surged 61% in the past one month after the promoter family Essel Group agreed to step down from the company’s board.
IndusInd Bank files bankruptcy against Zee over default
The case pertains to alleged default of ₹83.08 crore term loan facility issued by IndusInd Bank to Siti Networks, a cable TV operator promoted by Subhash Chandra-led Essel Group.
Promoters to sell majority stake in Zee to pare debt
Punit Goenka to reportedly continue as MD and CEO, though it remains to be seen whether the Essel Group will still be classified as promoters with a residual 5% stake.
Lenders give Essel more time to repay debt
The Essel Group wanted a time extension to fetch better value for its assets including roads, green energy, and its flagship Zee Entertainment Enterprises.
Emami: It’s ‘payback’ time
The Kolkata-headquartered group is working on a strategy to repay debt raised for other businesses, while trying to bring down pledged promoter holdings in its FMCG company.
Why Zee is on the hunt for a strategic partner
The MD and CEO of Zee Entertainment Enterprises says the promoters would rather own a smaller share of a larger pie than be relegated to the fringes as entertainment sector technologically advances.
