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
Shares of Zee Entertainment Enterprises Ltd climbed nearly 7 per cent on Wednesday after reporting their biggest single-day drop during the previous session. The stock today rose 6.70 per cent to settle at Rs 166.35. Yesterday, it had crashed 32.73 per cent on termination of $10 billion merger agreement by Japan’s Sony Pictures. Rumours of … Read more
Amid speculations around whether Zee Entertainment Group and Sony Group Corporation would be able to meet the merger deadline of 21 December, ZEEL has requested Sony India to extend the timeline for the merger. Zee Group has sent a letter to Culver Max Entertainment Private Limited, former Sony Pictures Networks India Private Limited (CMEPL), and … Read more
Mumbai: Sony Pictures Entertainment (SPE), the global entertainment unit of Japan’s Sony Group Corp., has initiated talks with Walt Disney Co. about a potential acquisition of its India business, said two people with direct knowledge of the matter. The preliminary discussions with Disney are part of Sony’s contingency plan in case its ongoing merger agreement … Read more
In a recent development, Axis Finance has filed an appeal with the National Company Law Appellate Tribunal (NCLAT) challenging the National Company Law Tribunal’s (NCLT) decision to approve the merger between the company and Sony. This information was confirmed by Zee Entertainment. The company in an exchange filling said that which stated that a notice … Read more