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.
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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.
ZEE settles ₹211 cr dues dispute with IPRS; insolvency plea withdrawn
In January this year, the artistes’ body filed a petition at the NCLT to initiate an insolvency process against Zee Entertainment, seeking payment of ₹211.41 crore.
ZEE snaps 6-day losing streak, rises 8% on re-inclusion in NSE F&O segment
The stock had fallen 15% in the last six sessions after the NCLT last week allowed initiation of insolvency proceedings against the Essel Group company.
ZEEL shares extend fall despite NCLAT relief; slump 14% in three sessions
The NCLAT has stayed bankruptcy proceedings against ZEEL initiated by the NCLT on IndusInd Bank’s plea under the Insolvency and Bankruptcy Code (IBC).
NCLT admits insolvency plea against Zee Ent; stock falls 10%
The NCLT has admitted a petition filed by IndusInd Bank after ZEEL failed to fulfil its debt obligations regarding payment of ₹83 crore loan issued to Siti Networks.
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.
