Photo: Reddif.com
No Interim Relief For Zee CEO Punit Goenka In SEBI Case
The Securities Appellate Tribunal (SAT) has refused to provide interim relief to former Zee Entertainment CEO Punit Goenka in a SEBI case. On August 30, the media sources reported that the tribunal has given time to SEBI till September 4, asking them to file a reply on the matter. Furthermore, the next hearing will take place on September 8.
Tags: PUNIT GOENKA, ZEE ENTERTAINMENT, SEBI Case, Business News, SAT
Courtesy: Business Today
Photo: The Indian Express
Promoters Subhash Chandra And Son, Punit Barred From Holding Key Roles
The Securities and Exchange Board of India (SEBI) found promoters of Zee Entertainment Enterprises Ltd Subhash Chandra and son Punit Barred, prima facie guilty of diverting funds from the listed company for personal use. This order is a major setback for Zee Entertainment as it is seeking regulatory approvals for a merger with Sony Pictures Networks India. Although the restricted orders are interim and can be challenged.
Tags: ZEE ENTERTAINMENT, SEBI
Courtesy: LiveMint
Photo: The Indian Express
Zee Appeals To Bombay HC Over ‘Illegal & Invalid' Letter From Top Shareholder
Zee Entertainment Enterprises Ltd has filed a petition with the Bombay High Court, claiming that a demand letter given by its top shareholders, Invesco-Developing-Markets-Fund and OFI-Global-China-Fund, is "illegal and invalid." The company, on Oct 2, informed the National Stock Exchange and Bombay Stock Exchange of the latest development. Earlier, Zee Board stated that the request had numerous legal flaws.
Tags: ZEE ENTERTAINMENT, Bombay High Court, notice
Courtesy: The Times of India
Photo: Twist Article
Zee Entertainment Shakes Hand With Sony Pictures To Get Merged
Zee Entertainment and Sony Pictures announced on September 22 that a combination of its linear networks, digital assets, production operations, and program libraries has been approved. The combined company will be led by Zee Entertainment Enterprises Ltd Managing Director and CEO Punit Goenka. Sony Pictures Networks India said the merger would not only help its stakeholders but also will benefit Indian customers across all content categories… read-more
Tags: Sony, India, SPNI, Merger, ZEE ENTERTAINMENT
Courtesy: Deccan Herald
Photo: Indian Television
TVF To Collaborate With ZEE5; Exclusively Stream Upcoming Seasons
ZEE5, an OTT platform owned by Zee Entertainment Enterprise Ltd, has announced a collaboration with The Viral Fever, owned by TVF media labs. As part of the agreement, ZEE5 will exclusively stream upcoming TVF shows such as Pitchers Season 2, Tripling Season 3, Humorously Yours Season 3, and others. Existing TVF shows such as Permanent Roommates, Tech Conversations with Dad,… read-more
Tags: Zee5, ZEE ENTERTAINMENT, TVF, collaboration
Courtesy: livemint
Photo: The Financial Express
15 Locations Of Zee Entertainment Raided By IT Over Tax Evasion
In a tax evasion case, the Income Tax Department officials have raided nearly 15 locations of Zee Entertainment across Delhi and Mumbai on January 4. Reportedly, the Income Tax officials have revealed that the searches are done based on tax evasion data provided by Directorate General of GST Intelligence. Moreover, a spokesperson of Zee Entertainment said that the company is cooperating and sufficing with all requirements to the IT… read-more
Tags: Raids, Income Tax, ZEE ENTERTAINMENT, Zee
Courtesy: The Indian Express
Photo: Twitter/YESBANK
Yes Bank's Petition Against Zee Entertainment Quashed by Bombay High Court
Yes Bank's plea for preventing Zee Entertainment Enterprises Ltd (ZEEL) from selling its assets was rejected by the Bombay HC on August 19. The petition had requested to bar ZEEL MD Punit Goenka from leaving the country as well. The case pertains to a 'letter of comfort' issued by Punit Goenka to Yes Bank as a guarantee against loan of over $50 Million, which was taken by a Zee subsidiary.
Tags: Yes Bank, ZEE ENTERTAINMENT, Bombay High Court, PUNIT GOENKA
Courtesy: LIVEMINT
