ZEEL MD Punit Goenka sent a letter to the employees on Monday, providing an update on the merger between ZEE Entertainment and Sony. He reassured them that the merger is in its final stages and addressed the issues faced by the promoters with Sebi. In the letter, Goenka emphasized the importance of focusing on the …
Shareholders of Zee Entertainment Enterprises Ltd (ZEEL) have overwhelmingly rejected the proposal to reappoint Alicia Yi as an independent director on the company’s board. The special resolution for her reappointment garnered only 42% of votes in favor, while a significant 57.97% voted against it. In response to the voting outcome, ZEEL issued a regulatory filing …
Despite the challenges of monetization posed by the increasing live-streaming viewership and the division of TV and digital rights, media companies in India are continuing to make significant investments in cricketing rights. Officials and analysts predict that Disney Star, Sony-Zee, Viacom 18, and other smaller media players will invest over $11 billion in marquee cricket …
The hearing on the plea by Essel Group chairman Subhash Chandra and ZEE managing director and CEO Punit Goenka was adjourned to Tuesday by the Securities Appellate Tribunal (SAT). The Securities & Exchange Board of India (Sebi) stated that its action against Chandra and Goenka was not driven by any bias but was necessary to …
Sony Group Corp. had high hopes for its entry into India’s television entertainment market by merging with Zee Entertainment Enterprises Ltd. However, the merger has been caught in a legal drama from the start. The Securities and Exchange Board of India (SEBI) accused Zee of faking loan recoveries and misusing funds, leading to a ban …
The direct-to-home (DTH) industry has effectively tackled the problem of subscriber churn by attracting new users through the Indian Premier League (IPL) T20 cricket tournament, which began on March 31, according to top industry executives. The final match is scheduled for Monday. Gopal Vittal, the MD and CEO of Bharti Airtel, stated that the DTH …
The Securities Appellate Tribunal (SAT) has admitted an appeal filed by Subhash Chandra, the chairman of Essel Group, and Punit Goenka, the MD and CEO of Zee Entertainment Enterprises Ltd, challenging the interim order imposed by the Securities and Exchange Board of India (Sebi). This order barred them from holding director or key managerial positions …