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Zee Entertainment

Media & Entertainment Stocks Surge; Saregama, Tips Films Rally Up to 20%

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Shares of media and entertainment (M&E) companies surged in Wednesday’s intraday trade, with several stocks rallying up to 20%. Companies such as Saregama India, Tips Films, Mukta Arts, Pritish Nandy Communications, and Zee Entertainment Enterprises saw significant gains, supported by strong volumes in an otherwise range-bound market. Among the top performers, Saregama India hit a …

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Zee Entertainment Shareholders Approve Plan to Raise ₹2,000 Crore

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Zee Entertainment Enterprises Ltd. (ZEEL) shareholders have approved a plan to raise ₹2,000 crore through various financial routes, including equity shares and qualified institutions placements (QIPs). The special resolution, which allows the company to issue securities for an amount not exceeding ₹2,000 crore, was passed with 78.83% of the total votes, according to a scrutinizer’s …

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Makers of Kangana Ranaut’s ‘Emergency’ Approach Bombay High Court Seeking Film Release

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The makers of Kangana Ranaut’s film Emergency have approached the Bombay High Court, seeking its release and a censor certificate. Co-produced by Zee Entertainment Enterprises, the petition was filed on Wednesday, accusing the Central Board of Film Certification (CBFC) of arbitrarily withholding the censor certificate. According to the plea, the CBFC is allegedly ready with …

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Zee Entertainment Gains 7% as Board to Consider Fund Raising on July 16

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Shares of Zee Entertainment Enterprises Limited (ZEEL) surged by 7% to Rs 157.20 per share on the National Stock Exchange (NSE) during Friday’s intra-day trade, driven by heavy volumes. This uptick followed the company’s announcement that its board will convene on July 16 to deliberate on a fund-raising plan. In an exchange filing, ZEEL stated, …

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Zee Entertainment Bears Rs 432 Crore Merger Costs Amid Failed Sony Deal

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Zee Entertainment Enterprises Ltd. faced significant financial setbacks amounting to Rs 432 crore due to its failed merger deal with Sony Group Corporation’s Indian media unit, Culver Max Entertainment. The merger agreement was terminated on January 22, sparking a series of financial implications for Zee Entertainment. Key Points: Merger Costs: Zee Entertainment incurred merger-related costs …

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ZEE Entertainment Withdraws Merger Application with Sony Pictures Networks

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News on HR

ZEE Entertainment Enterprises Ltd. (ZEE) has opted to retract its merger application submitted to the National Company Law Tribunal (NCLT) in Mumbai, which sought the execution of its proposed merger with Sony Pictures Networks, now known as Culver Max. The merger agreement between Sony and Zee was initially disclosed on December 22, 2021. However, Sony …

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Zee Entertainment Launches 18 South Asian Channels on YouTube TV for Diverse US Audience

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Zee Entertainment has made a significant move in the digital space by launching 18 South Asian channels on YouTube TV, catering to the diverse audience in the United States. This collaboration aims to meet the evolving content preferences of the expanding South Asian population in the US. The ‘Zee Family’ package offers a selection of …

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Sony Confirms Termination of $10 Billion Merger Deal with Zee Entertainment, Legal Battle Looms

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Sony Corporation officially announced on Monday the termination of its proposed $10 billion mega-merger deal with Zee Entertainment, marking the collapse of the ambitious alliance that aimed to create India’s largest entertainment company. The agreement was intended to provide substantial financial prowess, positioning the unified entity to compete with global streaming giants like Netflix Inc. …

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ZEE Entertainment Shares Rebound After Initial Plunge on Director’s Exit Ahead of AGM

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ZEE Entertainment Enterprises Ltd (ZEE) witnessed a brief setback as its shares tumbled by 9% during Thursday’s trading session following the unexpected exit of non-executive non-independent director Adesh Kumar Gupta from the board. However, the stock demonstrated resilience, recovering most of its losses as the session progressed. Gupta, who served as a crucial member of …

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Zee Entertainment signs global media rights contract with UAE’s T20 League

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Zee Entertainment announced today that it has signed a long-term global media rights agreement with the UAE’s T20 League, giving the broadcaster access to 34 matches from the cricket tournament. The league matches will be broadcast on both Zee’s linear channels as well as ZEE5, a streaming platform. The tournament will be broadcast in English, …

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