ZEE also said that the article by Bloomberg, incorrectly published that the Securities and Exchange Board of India (Sebi) has found a USD 241 million accounting issue at the Company. ZEE refuted the allegations of financial irregularities
It also sets a concerning precedent for other foreign companies, potentially discouraging them from investing in the Indian market and erodes foreign trust in the Indian market, it read
As the $10 billion merger deal with Sony (now Culver Max Entertainment) fails after nearly two years of deliberations, the big question in the face of looming competition and other challenges is, what next for Zee? The obvious answer for this India-born company seems to be from within India itself
ZEEL’s Board is evaluating all available options including taking “appropriate legal action” and contesting Sony’s claims and the demand for a $90 million termination fee in the arbitration proceedings
Zee Entertainment formally seeks a timeline extension from Sony for the composite scheme, in line with the Merger Cooperation Agreement. Karan Taurani, Senior VP, Elara Capital believes that the extension faces no regulatory hurdles, emphasising NCLT approval's non-time-bound nature
The cost of some bouquets has increased by 10 per cent to 15 per cent
Launching on India’s leading lifestyle channel Zee Zest
Invesco softens its stance, does not want to hold EGM
The Company has strongly condemned the allegations made against Kurien and Chokhani
Mittal's appointment is with effect from 1st June 2021 and he will report to MD & CEO Punit Goenka
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