Zee share price locked at 10% lower circuit on report of Sebi finding ₹2,000 crore irregularity in accounts

Zee share price locked at 10% lower circuit on report of Sebi finding ₹2,000 crore irregularity in accounts

Zee shares were locked at 10% lower circuit in the opening trade on Wednesday on report that Sebi has found irregularities worth ₹2,000 crore in the accounts of the company. In a setback for Zee Entertainment Enterprises Ltd (ZEEL), capital market regulator Securities and Exchange Board of India (SEBI) has unearthed a financial discrepancy exceeding … Read more

No ZEE-Sony merger? ZEE Entertainment shares may see significant downside; further de-rating, says Emkay

No ZEE-Sony merger? ZEE Entertainment shares may see significant downside; further de-rating, says Emkay

Shares of ZEE Entertainment Enterprises Ltd could see significant downside in case the proposed ZEE-Sony merger is called off, said Emkay Global. As per a report, Sony is likely to issue a termination notice by January 20 as the decision on who would be at the helm of the merged company is the contentious issue, … Read more