Theories fly thick and fast: Who is orchestrating the Zee drama?
Theories being floated include incitement by a leading Indian conglomerate; global media baron firing from Invesco’s arms and a China angle—all suggesting attempts on to ruin the Sony-ZEE merger plan.
Can Subhash Chandra rise like a phoenix from the Zee-Sony deal?
India is a land of limitless possibilities. Zee has basked in glory for three decades. Now is the time for discarding the old so that the new can arise.
Is the ZEE-Sony merger deal too good to be true?
While a large section of the industry is sceptical about the success of the potential merger, there are others who are upbeat.
Inside the battle to control ZEE Entertainment
Though ZEE Entertainment MD and CEO, Punit Goenka's exit is imminent, his father, Subhash Chandra is in no mood to give up.
Why investors want Punit Goenka out of Zee
Industry observers hardly find the move surprising. Sources say former Zee chairman Subhash Chandra’s micro-management of ZEE from outside angered the investors.
Subhash Chandra steps down as Zee chairman
Chandra’s resignation as Zee’s chairman marks the end of an era in which he pioneered the growth of private sector broadcast TV in the country. He will remain a board member.
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.
Promoters sell 11% in Zee to Invesco Oppenheimer
Announcement of the stake sale ends months of speculation regarding the suitor for Zee, and will help promoters deleverage the group’s balance sheet
Zee’s FY19 earnings may aid better valuation
With promoters looking to pare their stake in the media company to repay debt, sound FY19 financial results shine light on the quality of the asset.