Zee to raise $239 mn via FCCBs
These FCCBs would be issued to Resonance Opportunities Fund, St. John's Wood Fund Ltd. and Ebisu Global Opportunities
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January 2024
Zee board approves organisational restructuring
MD & CEO Punit Goenka will assume direct charge of the critical business verticals including the domestic broadcast business.
ZEE withdraws Sony merger application; to evaluate strategic opportunities
On January 22, Sony ended two-year-long merger talks with ZEE, citing the inability of the latter to fulfil the merger agreement
Zee MD & CEO proposes to lay off 15% staff
The proposed structure is aimed towards arriving at a cost-effective operational model, says ZEE.
Zee Entertainment should focus on cost cuts: Panel
A board-appointed committee advises that the identified business verticals will need to substantially reduce losses and enhance their performance levels.
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
