Zee – storyboard18

Zee Media approves 10-Year, 5% FCCB issue worth USD 465.9 Million

This strategic move aims to bolster Zee Media's financial flexibility and is aligned with the External Commercial Borrowing (ECB) guidelines issued by the Reserve Bank of India.

The bonds will be issued on a private placement basis to UNICO Global Opportunities Fund Ltd. and Sun India Opportunities Investing Fund.

No insolvency for Zee: IDBI’s plea dismissed by Appellate Tribunal

In an official communication addressed to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), ZEEL confirmed that the appellate tribunal upheld the NCLT's order.

The appellate tribunal has also granted IDBI Bank the liberty to file a fresh plea against Zee Entertainment for defaults beyond the Covid moratorium period.

ZEEL gets GST notice of Rs 16.60 million for ineligible ITC claims

This strategic move aims to bolster Zee Media's financial flexibility and is aligned with the External Commercial Borrowing (ECB) guidelines issued by the Reserve Bank of India.

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.

TDSAT directs Zee Media to pay Hinduja Global Solutions Rs 1.69 crore in a week

In an official communication addressed to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), ZEEL confirmed that the appellate tribunal upheld the NCLT's order.

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

This strategic move aims to bolster Zee Media's financial flexibility and is aligned with the External Commercial Borrowing (ECB) guidelines issued by the Reserve Bank of India.

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

After the deal was terminated in January, Zee apparently has reached out to the Sony executives to reconsider the termination and has also offered for talks this month.

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

In an official communication addressed to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), ZEEL confirmed that the appellate tribunal upheld the NCLT's order.

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

In an official communication addressed to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), ZEEL confirmed that the appellate tribunal upheld the NCLT's order.

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

Star India, on September 16, filed a 'statement of case' before London Court of International Arbitration (LCIA) in which it declared termination of the alliance agreement and sought the damages in the now-terminated ICC TV rights deal case, from 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

This strategic move aims to bolster Zee Media's financial flexibility and is aligned with the External Commercial Borrowing (ECB) guidelines issued by the Reserve Bank of India.

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.