Punit Goenka, ZEEL MD & CEO, spoke about the business performance in Q1, the competitive landscape, and the company's forward-looking growth, during the Q1 FY25 earnings discussion
As per media reports, the funds will be raised from Resonance Opportunities Fund, St. John's Wood Fund Limited and Ebisu Global Opportunities Fund
Punit Goenka has made this investment in his personal capacity
Punit Goenka is an industry leader known for his futuristic vision and sharp business acumen
Speaking during recent earnings call, Goenka, the MD & CEO of ZEEL, said the industry will see healthy growth in the high single digit for both subscription and advertising
ZEEL CEO and MD Punit Goenka said a ‘conducive pricing policy framework’ is expected to drive the company’s subscription revenue
Anurag Bedi to continue leading the music business
Also, the withdrawal of the plea will mean one less litigation for ZEEL which might help the company in the long run, say experts
MD & CEO Punit Goenka has proposed the implementation of a lean and streamlined management structure to the Board
Reliable sources have confirmed the news of Punit Misra's departure from the media company
The step has been taken in line with the strategic & frugal approach implemented across the organization, ZEE said
According to Zee, the step was taken to achieve a cost-effective structure
ZEE has restructured its Technology & Data vertical
The company said it has been acting just to protect its commercial interests
Ashish Sehgal, Chief Growth Officer, Advertisement Revenue; will now directly report into MD & CEO Punit Goenka
The ZEEL Board is yet to form a view on the continuance of Punit Goenka as MD, Gopalan said during an investor conference call
In the aftermath of the Zee-Sony merger fallout and the subsequent crashing of its shares, Punit Goenka may have to soon find a partner for ZEEL to tide over the tough times, say industry experts
During an investor conference call, ZEEL Board Chairman R Gopalan said that the company will make counterclaims against Culver Max and BEPL for breaches of merger agreement 'at the appropriate stage'
In an interview with a media house, Punit Goenka, ZEEL's Managing Director, said several investors were keen in coming on board but the focus was on delivering value to the company shareholders
The committee will be presided by Dr. Satish Chandra, a former Judge of the High Court of Allahabad
Punit Goenka, ZEEL’s Managing Director, said during the Q3 earnings call that he has chalked out a plan to bring back the company’s margins and drive growth
In an interview with The Economic Times, Subhash Chandra, chairman emeritus of Zee, assuaged shareholders and also shared his thoughts about the possibility of future deals
On the merger plan with Sony falling through, Punit Goenka, MD & CEO, Zee Entertainment Enterprises, said in his address to employees that the company was evaluating all legal options
Law experts say implication of merger termination will be more on ZEEL as its promoter is already embroiled in investigative proceedings by SEBI. Sony seems to be in a much stronger position
As the merger deal with Sony fails after nearly two years of deliberations, the big question is what next for Zee? The obvious answer for this India-born company seems to be from within India itself
The tumultuous two years of the Zee-Sony merger saga saw ZEEL’s share prices yo-yoing; analysts say Zee’s valuation is likely to drop to levels seen prior to the merger announcement
The development doesn't bode well, say experts, who believe that consolidation is the way forward for the industry
ZEEL MD Punit Goenka was present at the Ram Mandir consecration ceremony at Ayodhya
Zee said that despite conducting numerous deliberations in good faith, the parties failed to arrive at a consensus
On Friday, in its reply to BSE, Zee mentioned "engaging in good faith negotiations with Sony with a view to discuss the extension of the date"
According to news reports, two meetings have been called – one by Culver Max Entertainment and the other by Sony Group Corp at its Tokyo headquarters
Contrary to media speculations suggesting a potential termination of the merger, industry experts indicate that the two parties are actively negotiating a middle ground to finalize the deal
As the fate of the Zee-Sony merger remains uncertain, we take a look at the various key episodes in the journey so far
We take a look at the chronology of key episodes in the Zee-Sony merger story
Industry insiders believe that the likely Reliance-Disney merger could have a monopolistic approach if the Zee-Sony merger does not go through
Here are some of the interesting stories that e4m did as part of the Zee-Sony merger deal coverage
In its response to stock exchanges, the media company also refuted reports of the merger falling through
The company reportedly said that it is in the process of applying to the MIB for the transfer of TV channel licences obtained by ZEEL to Sony
Amid reports of turbulences in the Zee-Sony merger, ZEEL MD Punit Goenka has said that his company is in active engagement with Culver Max (Sony Pictures Networks India) over the deal
As per the report, the Sony administration is wary of the implications of Sebi’s lens on Punit Goenka due to stringent corporate governance rules in Japan and the US
The Zee board could also convene shortly to discuss Goenka's role in the wake of SAT ruling in his favour
SAT allowing Punit Goenka to be reinstated as Zee’s MD & CEO is good for the company, the Zee-Sony merger, and for the industry at large that thrives on competition and strong leadership
Industry insiders predict the record date for listing of the $10-billion media and entertainment powerhouse could be set by November-end
The SAT has set aside Sebi's directive that barred him from holding managerial or directorial posts in Zee and any of its merged entities, as part of its investigation into the fund-diversion case
As SAT reserved its verdict on Goenka's plea, industry experts speculate on the impact of the possible results
The tribunal has given one week’s time to the parties to file written submissions, if any
The lender has said that the approval for the merger is a “contravention" of a regulatory order against Punit Goenka
The SAT hearing for Punit Goenka's appeal against the Sebi order has been postponed to September 27
The next hearing in the case is on September 8, 2023
He approached SAT, requesting that the SEBI order that barred him and Subhash Chandra from holding any directorial or managerial posts in any listed company, be set aside