ZEEL receives GST adjudication orders; tax demand of Rs 119.6 cr upheld
The company reiterated that it is contesting the orders on merits and based on legal advice
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Zee Media CRO Mona Jain to move on
Jain’s next move is not yet known
Star formally informs ZEE about termination of $1.5 billion ICC TV rights deal
In a BSE filing, ZEEL said that Star India, on June 20, communicated to ZEEL about ending the agreement and “opted to only seek damages during the arbitration proceedings”
'Two players coming together does not make us less capable of competing with them'
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
Q1 FY25: ZEEL reports net profit of Rs 118 crore
According to the company, the domestic advertising revenue for the quarter stood at Rs 911 crore
ZEEL to raise Rs 1,997-cr funds with foreign currency convertible bonds
As per media reports, the funds will be raised from Resonance Opportunities Fund, St. John's Wood Fund Limited and Ebisu Global Opportunities Fund
Shareholders approve fundraising of Rs 2000 crore: ZEEL informs BSE, NSE
The company notified BSE and NSE about the results of the e-voting process held on Monday, July 15
ZEEL: Umesh Bansal gets additional responsibility of music biz
Umesh Bansal is serving as Chief Business Officer for ZEEL’s movie business
ZEEL MD and CEO Punit Goenka turns 49
Punit Goenka is an industry leader known for his futuristic vision and sharp business acumen
ZEEL’s CFO Rohit Kumar Gupta quits
Mukund Galgali will be acting Chief Financial Officer
ZEEL to raise Rs 2000 crore in funds to enhance strategic flexibility
The fundraising will be facilitated through issuing equity shares, other eligible securities or both
ZEEL to consider raising of funds this week
The company has informed BSE that directors of the company will meet on June 6, 2024, to consider raising of funds by way of issuance of equity shares and/or any other eligible securities
Abby Awards 2024: Leo Burnett, FCB win big; ZEEL is broadcaster of the year
FCB Group India walks away with both Grand Prix of the day
Hopeful that NTO 3.0 will strengthen Pay TV ecosystem: Punit Goenka
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 ad rev up on back of improved FMCG spending: Punit Goenka
ZEEL CEO and MD Punit Goenka said a ‘conducive pricing policy framework’ is expected to drive the company’s subscription revenue
ZEEL total revenue up 7% in FY24
The company made a profit of Rs 13 crore in the fourth quarter; ad revenue up 10% against same quarter last year
Meenakshi Samantaray joins Metro Brands as Head of Marketing- Sports Division
Prior to this, Meenakshi Samantaray held the role of Vice President Marketing & Communications at ZEEL
ZEEL CRO Atul Das moves on
Anil Malhotra, ex-CEO of SITI Networks to take over from Das; Mangesh Kulkarni appointed business head
ZEE withdraws NCLT plea for Sony merger: Move to find new partner?
Also, the withdrawal of the plea will mean one less litigation for ZEEL which might help the company in the long run, say experts
ZEEL to cut down workforce by 15%
MD & CEO Punit Goenka has proposed the implementation of a lean and streamlined management structure to the Board
Star India initiates arbitration against ZEEL over failed ICC deal
Star India has asked the company to pay for damages for non-compliance with the terms of the alliance agreement dated August 26, 2022
We are going through a revival process: R Gopalan, ZEE Board Chairman
The ZEEL Board is yet to form a view on the continuance of Punit Goenka as MD, Gopalan said during an investor conference call
Officials from MFs to meet ZEEL officials for future strategy post-deal break-up
According to a BW BusinessWorld report, ZEEL Chairman R Gopalan has constituted an independent investigation committee headed by a retired High Court judge for a review of allegations levelled by SEBI
ZEEL sets up ‘Independent Investigation Committee’ to protect shareholder rights
The investigation committee will fact-check allegations and can appoint any independent outside agency to assist the Committee in fulfilling its charter
ZEEL forms independent advisory committee to review market rumours about company
The committee will be presided by Dr. Satish Chandra, a former Judge of the High Court of Allahabad
ZEEL’s revenue down 3% in Q3 FY24
The net profit of ZEEL for Q3 FY24 was Rs 58.5 crore, up from Rs 24.32 crore in the same period in FY23
Decision not approved by Board, can’t confirm or deny: ZEEL tells BSE on stake hike news
ZEEL’s reply came after the BSE on January 30 sought clarification from it on the news report that appeared on a business portal
BSE seeks clarification over Subhash Chandra's statement on ZEEL stake hike
A news report recently quoted Subhash Chandra as saying that the Zee promoter family plans to hike its stake in the company
Not aware if Disney is mulling legal action over $1.4-bn ICC TV rights deal: ZEEL
In its reply to BSE on media reports claiming that Disney Star is mulling legal action against it for failing to pay up, ZEEL said it cannot comment on Disney Star's intentions
Winds of change are giving ZEE a new shape: Punit Goenka
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
Merger off: How will it impact Zee share prices?
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
ICC TV rights: Is the ZEEL-Disney Star agreement at risk?
There's more legal trouble waiting for ZEE if it fails to comply to its agreement with Disney over the TV rights for ICC Men's and U-19 global events, say experts
Sony has sought $90 million termination fee, evoked arbitration: ZEEL
ZEEL has denied assertions raised by Culver Max and BEPL on the alleged breaches under the terms of the MCA, including their claims for the termination fee
Evaluating next steps, considering appropriate course of action: R Gopalan, ZEEL Chairman
The company said the Board will take all necessary actions in the best interest of the stakeholders
Punit Goenka was ready to step down in the interest of merger: ZEEL
Zee said that despite conducting numerous deliberations in good faith, the parties failed to arrive at a consensus
Not aware of Sony board meeting; committed to merger: ZEEL
In its reply to BSE, ZEEL has said that it is continuing to work towards a successful closure of the proposed merger
Zee-Sony merger: BSE seeks clarification from ZEEL on news report
The reply from ZEEL is awaited, the Exchange has said
Committed to the merger with Sony: Zee
Zee has issued a statement denying reports of the merger breaking down. The company also said that it will work towards a successful closure of the proposed merger
Network18 & ZEEL announce new RIO; change pricing of channels, discontinue bouquets
The Reference Interconnect Offer (RIO) for Network18 and ZEEL will come into effect on Feb 1, 2024
Vikas Sachdeva joins ZEEL as EVP & Head - International Ad Sales
Prior to this, Vikas Sachdeva was head of India international ad sales at Disney Star
ZEEL appoints 3 new independent directors
Venkata Ramana Murthy Pinisetti, Shishir Babubhai Desai and Uttam Prakash Agarwal have been named Additional Directors for a three-year term
Adesh Kumar Gupta to quit as Director of ZEEL
Adesh Kumar Gupta will also cease to be a member of the audit committee, chairman of the risk management committee and stakeholders relationship committee of the board after the upcoming AGM
ZEEL expenses for merger touch Rs 176 crore: Report
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
We recognize the value Zee-Sony merger holds: Punit Goenka
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
ZEEL revenue up 20% in Q2 FY24
Digital platform Zee5 saw a revenue jump of 59%
ZEEL appoints Deepu Bansal as Independent Director for 3 years
Bansal, is a Chartered Accountant, and a certified ESG professional from the Institute of Chartered Accountants of India
ZEEL acquires ZEE UK Max in UK
As per ZEEL, it has incorporated ZUML in the UK with an initial share capital of 25,000 pounds divided into 25,000 ordinary shares of one pound each
Merger with ZEEL to take a few more months: Sony
Issuing a statement, Japan’s Sony Group has said the transaction was expected to be completed by the end of the first half of fiscal year 2023
Post merger, ZEEL to be replaced by Culver Max Entertainment on FTSE Global Equity indices
As per FTSE Russel, the merger’s date is not known yet
Sebi Case: No interim relief for Punit Goenka from SAT
The next hearing in the case is on September 8, 2023