ZEE forms independent advisory committee to curb 'erosion of investor wealth'
The three-member committee will be headed by former Allahabad High Court judge Dr Satish Chandra and will have Uttam Prakash Agarwal and P V R Murthy as the independent directors.
ZEE shares zoom 10% amid reports of renewed talks with Sony
Both companies have reportedly engaged in talks in Mumbai in their last-ditch efforts to save $10 billion
Have institutions failed Zee investors?
Chandra family owns 3.99% stake in ZEE while domestic institutions and foreign institutional investors own 43.59% and 28.19% stake, respectively.
Zee-Sony Merger: NCLT asks Sony to respond to Zee shareholders in three weeks
The development comes almost a week after Sony Group Entities put an end to two-year-long merger negotiations with Zee citing the inability of the latter to fulfill the merger agreement.
ZEE drags Sony to NCLT after $10-bn merger deal collapses
ZEE says it has also started "appropriate legal action" to contest Sony, BEPL’s claims in arbitration proceedings before SIAC
Zee-Sony merger: Talks to continue till Jan 20
Sony Group says it is engaged in ongoing talks regarding a potential merger between its Indian subsidiary and Zee
Not agreed to deadline extension; yet to hear proposal from Zee: Sony India
The company’s statement comes a day after ZEE sought more time for the proposed merger with Sony Pictures Network India, now known as Culver Max Entertainment Private Limited.
ZEE seeks more time for merger with Sony; shares drop 4%
Cut-off date for Zee-Sony merger was Dec 22, 2023; to be delayed now from earlier set deadline of Jan 2024
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.
Invesco sells entire stake in ZEEL for ₹1,004 cr; stock rises 2%
Invesco offloaded 5.11% stake in ZEEL at an average price of ₹204.50 apiece, which was acquired by Goldman Sachs Singapore, Morgan Stanley Asia Singapore, and Segantii India Mauritius.