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Top related persons:
Punit Goenka - 4 Zee - 3 Subhash Chandra's - 1 Chandra - 1 Goenka - 1 Mukesh Ambani's - 1 Culver Max - 1 BEPL - 1
Top related locs:
India Mumbai Zee . Zee Singapore Sony's India New Delhi Bengaluru
Top related orgs:
Zee Entertainment Enterprises - 6 Zee - 4 Sony - 4 Zee Entertainment - 3 India - 3 Thomson - 3 Sony Group Corp - 2 REUTERS - 2

Search resuls for: "Zee Entertainment Enterprises"


9 mentions found


☆ Zee founder family to eventually lift stake to 26%, according to reports
  + stars: | 2024-01-29 | by ( ) www.cnbc.com   time to read: +1 min
Logos of Zee Entertainment Enterprises Ltd. displayed on computer screens arranged in Mumbai, India, on Tuesday, Jan. 9, 2024. Zee Entertainment founder Subhash Chandra's family will eventually lift their stake in the media house to 26% from 4% currently, Mint reported on Monday, days after a merger with Sony 's India unit collapsed. "I have advised my immediate and extended family to increase their shareholding in Zee... We eventually want to go back to 26%, but it will take time," Chandra told Mint, a business daily, in an interview. Chandra, who set up Zee in 1992 and is often dubbed the "Father of Indian Television", is now chairman emeritus at Zee. Chandra, who is Goenka's father, told Mint "Punit is the right person to run the company and there is no problem with Zee."
Persons: Subhash Chandra's, Zee, Chandra, Punit Goenka, Goenka, Mukesh Ambani's Organizations: Zee Entertainment Enterprises, Zee, Sony Group Corp, Zee Entertainment, Mint, Sony, Indian, Walt Disney, India Locations: Mumbai, India, Zee .
☆ India's Zee Entertainment urges Sony to restore blockbuster merger, sues over termination
  + stars: | 2024-01-24 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Indian entertainment conglomerate Zee Entertainment on Wednesday said it urged Sony to revive their blockbuster entertainment merger and has sued the Japanese tech giant over the deal's termination. Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion. In a filing, Zee said it denies that Sony is entitled to call off the merger agreement and that its claim for a termination fee is "legally untenable and has no basis whatsoever." A merger of Zee with Sony's India subsidiary, Culver Max Entertainment Pvt. Sony would have gained access to Zee's local content, giving it a bigger footing in the lucrative Indian entertainment market.
Persons: Zee, Culver Max, BEPL, Punit Goenka, Arjun Kharpal Organizations: Zee Entertainment, Sony, Zee Entertainment Enterprises, Sony's, CNBC Wednesday, Culver, MCA, Company, Singapore International Arbitration Center, Zee, Culver Max Entertainment, Ltd, Bangla Entertainment, Disney, Reliance Industries Locations: India, Zee, Singapore, Sony's India
☆ India's Zee Entertainment dives 31% after Sony calls off mega merger
  + stars: | 2024-01-23 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: 1 min
Logo for ZEE5, an over-the-top platform of Zee Entertainment Enterprises. Shares of India's Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger. Sony first proposed to combine its India entertainment business with Zee in December 2021. Those negotiations collapsed after more than two years. On Monday, Sony said that it terminated the merger because "among other things, the closing conditions to the Merger were not satisfied" by the agreed closing date.
Organizations: Zee Entertainment Enterprises, India's Zee Entertainment, Sony, Zee Locations: India
☆ Japan's Sony says Zee merger to be delayed by a few months
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +1 min
Zee Entertainment and SONY logos are displayed in this illustration taken, September 1, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSept 29 (Reuters) - Japan's Sony Group Corp (6758.T) said on Friday a merger of its Indian unit with Zee Entertainment Enterprises (ZEE.NS), which had an initial deadline of September, would take a few more months to complete. "Based on the current state of preparation, we expect completion within the next few months," Sony said in a statement, without elaborating further. It was delayed due to issues including a legal battle with lenders over loan defaults by a Zee group entity. Zee shares, which have lost about a quarter of their value since the merger was announced in 2021, were up 2.7% on Friday.
Persons: Dado Ruvic, Punit Goenka, Zee, Ashna Teresa Britto, Chris Thomas, Dhanya Ann Thoppil, Sohini Organizations: Zee Entertainment, SONY, REUTERS, Sony Group Corp, Zee Entertainment Enterprises, Sony, Zee, Securities and Exchange Board, India, Finance, Thomson
☆ Byju's business head resigns amid reorganisation at Indian startup
  + stars: | 2023-08-29 | by ( ) www.reuters.com   time to read: +2 min
A man walks past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one of its branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsBENGALURU, Aug 29 (Reuters) - Byju's Chief Business Officer, Prathyusha Agarwal, and two other senior executives have resigned as the struggling Indian ed-tech startup restructures its business and operations, a company spokesperson said on Tuesday. Two other business heads - Himanshu Bajaj and Mukut Deepak - have also left, the company, once India's most valuable startup, said. Byju's has let go of thousands of employees this year as it grapples with multiple legal and financial woes. Reuters has reported that Byju's will file 2022 audited earnings by September and 2023 results by December.
Persons: Adnan Abidi, Prathyusha Agarwal, Agarwal, Himanshu Bajaj, Mukut Deepak, BYJU'S, Moneycontrol, Byju's, Mohandas Pai, Rajnish Kumar, Pranav Kiran, Navamya Ganesh, Nivedita Organizations: Education Technology, REUTERS, Rights, Byju's, Zee Entertainment Enterprises, Prosus NV, Deloitte, Reuters, State Bank of India, Thomson Locations: New Delhi, India, Bengaluru
☆ Adani case threatens watchdog’s rising credibility
  + stars: | 2023-07-06 | by ( Shritama Bose | ) www.reuters.com   time to read: +4 min
In June the Securities and Exchange Board of India, the country’s markets regulator, disciplined two media tycoons for alleged wrongdoing and strengthened disclosure norms for foreign investors. Going all-in on the Adani case would entail working with other law enforcers, such as the Directorate of Enforcement and the Directorate of Revenue Intelligence. Unless Buch’s team pulls out all the stops, the regulator’s toughest test under her leadership so far is a threat to its rising credibility. The markets regulator on June 12 barred Zee Entertainment Enterprises CEO Punit Goenka and Chair Emeritus Subhash Chandra from holding key managerial positions in any listed company. In a separate order dated June 22 Sebi barred Eros group Managing Director Sunil Arjan Lulla and three group entities including Eros International Media from the securities market, citing accounting irregularities.
Persons: Puri, Gautam, Punit Goenka, Subhash Chandra, Breakingviews, Sebi, Sunil Arjan Lulla, Antony Currie, Katrina Hamlin Organizations: Reuters, Securities and Exchange Board of India, Zee Entertainment Enterprises, Eros International, Reuters Graphics Reuters, of Revenue Intelligence, Securities, Exchange Board, India, Eros International Media, Thomson Locations: MUMBAI
☆ India's Zee Entertainment extends fall after insolvency admission
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, Feb 24 (Reuters) - Shares of Indian media company Zee Entertainment Enterprises (ZEE.NS) extended their decline on Friday after insolvency proceedings were initiated against the company due to a loan default. Zee Entertainment shares fell as much as 5.4% in early trade after closing down nearly 4% in the previous session. Punit Goenka, chief executive of Zee on Thursday challenged insolvency proceedings against the company by India's bankruptcy court, and still expected a timely completion of a merger with the local unit of Japan's Sony Group Corp (6758.T). Meanwhile, the National Stock Exchange on Thursday banned the derivatives trading on Zee's stock effective from April 28. Goenka's petition is coming up for hearing on Friday morning at the National Company Law Appellate Tribunal.
☆ India tribunal puts Zee insolvency on hold after warning of Sony merger delay
  + stars: | 2023-02-24 | by ( Arpan Chaturvedi | ) www.reuters.com   time to read: +2 min
NEW DELHI, Feb 24 (Reuters) - An Indian tribunal on Friday put on hold insolvency proceedings against Zee Entertainment Enterprises (ZEE.NS), a major relief for the Indian media company that warned the legal battle could delay its merger with a local unit of Japan's Sony (6758.T). The tribunal has put on hold the insolvency proceedings for the time being, saying the matter required detailed deliberations and will be next heard on March 29. During the hearing, Zee counsel Mukul Rohatgi warned its merger with Sony is "going to get stuck" if the insolvency proceedings continue. It competes with Disney's (DIS.N) Star India and Reliance Industries (RELI.NS) Viacom18, and its planned merger with Sony's India unit will create a $10 billion behemoth. Zee on Friday disputed its liability in the tribunal saying, according to them the liability did not meet the threshold for initiating insolvency proceedings.
☆ INDIA STOCKS Indian shares may open higher, tracking Asia
  + stars: | 2022-10-27 | by ( ) www.reuters.com   time to read: +2 min
BENGALURU, Oct 27 (Reuters) - Indian shares are poised to open higher on Thursday, tracking strength in Asian markets in the backdrop of growing expectation the U.S. Federal Reserve may tone down its aggressive stance on rate hikes. India's NSE stock futures, listed on the Singapore exchange , were 0.55% higher as of 0159 GMT, while the MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), climbed 1.74%. India is the world's third-largest importer and consumer of oil, and a rise in crude prices have a direct impact on inflation. Foreign institutional investors sold a net 2.47 billion Indian rupees ($30.12 million) worth of equities on Tuesday, while domestic investors bought net 8.73 billion rupees worth of shares, as per provisional data available with the National Stock Exchange. ($1 = 82.0040 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Neha AroraOur Standards: The Thomson Reuters Trust Principles.
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