Zee not aware of any legal action being mulled over by Disney

ZEEL further added that it has always adhered to all the obligations imposed by the Securities and Exchanges Board of India (SEBI) Regulations, 2015 and will continue to do so.

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  • Storyboard18,
| January 30, 2024 , 5:16 pm
In January 2025, the board (of Zee Media Corporation) approved raising up to Rs 400 crore via various instruments, including equity shares and convertible bonds. ​Last year, in September 2024, the board approved a Rs 200 crore fundraising plan through the issuance of warrants. ​
In January 2025, the board (of Zee Media Corporation) approved raising up to Rs 400 crore via various instruments, including equity shares and convertible bonds. ​Last year, in September 2024, the board approved a Rs 200 crore fundraising plan through the issuance of warrants. ​

As per reports, Zee Entertainment Enterprises Limited (ZEEL) is unaware of any legal action being planned against it by Disney over the $1.4 billion ICC TV rights deal, it told the Bombay Stock Exchange.

On January 30, ZEEL informed the BSE, “We would like to clarify that the company is not aware of, and cannot comment on, Star India Private Limited’s (Disney Star) intentions or next steps with respect to the strategic license agreement entered between the Company and Disney Star. It appears that the captioned news item mentions Disney Star’s internal discussions/ plans, which the company cannot remark on.”

Read More: NCLT grants hearing to shareholders’ appeal on Zee-Sony merger

The communication from ZEEL came after the BSE asked for clarification on January 29.

ZEEL further added that it has always adhered to all the obligations imposed by the Securities and Exchanges Board of India (SEBI) Regulations, 2015 and will continue to do so.

Read More: Zee’s $1.4 million dollar ICC TV rights deal with Disney Star falls through

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