Zee Entertainment limited on Tuesday announced that it has entered into a settlement agreement with Culver Max Entertainment Private Limited (CMEPL) (formerly Sony India) and Bangla Entertainment Private Limited (BEPL) to settle all disputes including to withdraw all applications, claims before Singapore International Arbitration Centre. Zee shares soared 8%, trading at Rs 146.75 as on …
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Shares of Zee Entertainment on Tuesday crashed 33% to 52-week low at Rs 152.5 on BSE to record its worst single-day fall in history after brokerages downgraded the media stock following a painful end to an overstretched drama surrounding the $10-billion merger with Sony.“With the merger being called off, we downgrade Zee to SELL (from …
Shares of ZEE Entertainment Enterprises Ltd (ZEE) crashed and saw multiple lower circuits in Tuesday’s trade as broking firms turned outright bearish on the stock following the Sony India deal termination and cut target prices by up to 50 per cent. Against a closing value of Rs 231.75 on Friday, ZEE shares fell 29.98 per …
Troubles continue to mount for Zee Entertainment Enterprises Limited (ZEEL) after the cancellation of its merger with Sony’s India unit, after a probe by Securities Exchange Board of India (Sebi) has revealed that around ₹1000 crore have been siphoned from the deal, as opposed to the earlier figure of ₹200 crore, reported CNBC TV18. Sony …
The last three weeks have seen the Nifty 50 gain nearly 700 points. But when one looks at the weekly picture, the index has gained for seven weeks in a row. Since the last week of October when the index began to rally, the Nifty has gained nearly 2,500 points. Over last Thursday and Friday, …
The merger between Zee Entertainment and Culver Max Entertainment, formerly known as Sony Pictures Networks India will likely take a few more months, news agency Reuters quoted Sony as saying on Friday. Sony has said that the completion of the merger with Zee was previously expected to conclude by the end of September. However, the …