ZEEL believes the case has merit and will appeal within three months under the TNGST Act. The company assured investors that the order will not materially impact its financials or operations.
Tag: Zee
TDSAT directs Zee Media to pay Hinduja Global Solutions Rs 1.69 crore in a week
TDSAT member Subodh Kumar Gupta ordered that, as an interim measure, Zee Media, the petitioner, is to pay Hinduja Global Solutions Rs1,69,70,832 of the total outstanding amount of Rs3,39,41,664 by Jan 13.
ZEE Case: SEBI rejects settlement plea; expands probe on ZEEL, Goenka
The regulator has also expanded the scope of the investigation, under which the media firm’s former chairperson, Subhash Chandra, is also under the scanner.
Mumbai Court dismisses Phantom Studios’ bid to enforce Zee-Sony merger scheme
The companies also argued that the tribunal lacked the authority to enforce a scheme that had not taken effect and noted that the scheme’s approval was conditional.
Investigation committee gives clean chit to ZEE, submits report to the board
Following the submission of its findings, the Board has advised the Company to proactively settle any pending adjudication proceedings with SEBI in a timely manner, in the interest of shareholders and all stakeholders of the Company.
ZEEL raises $239 million through 10-year Foreign Currency Convertible Bonds
Zee Entertainment had said it has plans to invest these funds to enhance strategic flexibility to pursue growth opportunities in the evolving media landscape.
Star India terminates $1.5 billion worth ICC sub-licensing deal with Zee
The now-terminated deal would have granted Zee exclusive television rights to major ICC men’s events, including two ICC Men’s T20 World Cups (2024, 2026), the ICC Men’s Champions Trophy (2025), the ICC Men’s Cricket World Cup (2027), and key ICC U-19 events.
ZEEL receives shareholder nod to raise Rs 2000 crore via issuance of securities
On July 11, Zee Entertainment had informed the bourses that its board of directors will meet on July 16 to discuss fundraising options. These options include private placements, Qualified Institutional Placements (QIP), and preferential issues.
Zee and Nasscom partner to support Generative AI startups
The partnership aims to foster innovation and growth in the Generative AI start-up ecosystem.
NCLAT defers hearing on IDBI Bank’s plea against Zee
IDBI Bank aims to recover approximately Rs 150 crore in unpaid dues from Zee.