Zee Entertainment Enterprises Limited (ZEEL) has created a new organisational structure under which CEO Punit Goenka will assume direct charge of key business verticals, including the domestic broadcast business. Amit Goenka, who has been spearheading the streaming business, will take direct charge of original content, including movies, besides assuming additional charge of the international broadcast …
Zee Entertainment’s president and group chief technology officer Nitin Mittal has resigned as the company streamlines the vertical. The board of the company has accepted the resignation of Mittal, who was working in this role for the last two years, it added. This announcement comes amid strategic changes in the technology and data vertical, implemented …
Media company Bloomberg on Wednesday moved the Delhi High Court challenging the trial court’s order directing it take down an article on Zee Entertainment claiming that SEBI has found accounting irregularities of nearly US $240 million at the company. The High Court allowed the urgent listing of the matter for March 7, 2024. On March …
Mumbai: The Ministry of Corporate Affairs (MCA), which is investigating Zee Entertainment Enterprises Ltd (ZEEL) over alleged corporate governance violations, has written to the Securities and Exchange Board of India (Sebi) seeking details on its latest findings on fund diversion that have been cited in media reports, said people aware of the matter. The ministry’s …
With the proposed merger of its Indian arm with Zee terminated, Sony will seek various options, including finding another opportunity to replace the plan and organic growth opportunities in India, which has great potential in the long term, according to a top company official. In an earnings call, Hiroki Totoki, president, COO & CFO of …
The National Company Law Tribunal’s Mumbai bench has issued a notice on Zee Entertainment’s plea seeking the implementation of merger with Sony Pictures’ India arm. The tribunal will take up the case on March 12.Sony Group’s India units filed applications before the NCLT challenging the maintainability of Zee’s application seeing implementation of merger, ET reported.The …
The proposed merger between Sony’s India operations with Zee Entertainment Enterprises Ltd (ZEEL) collapsed in acrimony as the Japanese parent pulled the plug on a deal that’s been two years in the making. They had aimed to create one of the country’s biggest media and entertainment businesses amid a move toward consolidation in the industry. …
Zee Entertainment Enterprises Ltd (ZEEL) spent Rs 366.59 crore on compliances till September 2023 for its now-failed merger with Sony, which called off the deal on Monday. The company had spent Rs 176.20 crore in the financial year that ended in March 2023. Besides, it spent Rs 190.39 crore in the first six months of …
MUMBAI: Sony Group Corp is unlikely to extend the good faith negotiations with Zee Entertainment Enterprises Ltd. (ZEEL) — whose deadline was supposed to lapse on midnight of January 21, said people aware of the matter. This would mean the likely termination of the proposed $10 billion merger between its India operations and Zee to …
Zee Entertainment Enterprises Limited (ZEEL) shareholders have rejected the reappointment of Vivek Mehra and Sasha Mirchandani as independent directors at the annual general meeting (AGM) on Saturday while approving the appointment of Deepu Bansal as an independent director. The special resolutions seeking the reappointment of Mehra and Mirchandani as independent directors didn’t receive the requisite …