ZEE-Sony merger gets nod from stock exchanges; share jumps 5%
The proposed merger of Zee Entertainment with Culver Max Entertainment (formerly Sony Pictures Networks India) has been approved by the BSE and the NSE.
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Zee Entertainment Enterprises shares fall 3% in opening trade; here’s why
Zee Entertainment shares dropped 3.4% to ₹281.1 after Invesco, the largest shareholder of the entertainment major, decided to trim its stake in the company.
Sensex, Nifty to open in red; HAL, RIL, Maruti, Barbeque, Coffee Day, Zee shares eyed
The Sensex and Nifty are poised to open lower on Thursday as stocks fall globally after minutes from the Federal Reserve's March meeting indicated rapid rise in U.S. interest rates.
Zee Entertainment jumps 17% as Invesco withdraws EGM request
Invesco, which is Zee's largest shareholder, had called for an EGM to oust MD & CEO Punit Goenka last year.
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.
Gap-down opening seen for Sensex, Nifty; ITC, HDFC, Zee, Titan, in focus
The BSE Sensex and the NSE Nifty are set to open lower on Thursday, following weak cues from Asian peers and negative trading at Singapore Nifty futures.
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.
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
