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Zee Entertainment's advertising revenue continued to face pressure, clocking in at Rs 758.5 crore, which is a fall of 16.7 percent YoY and 9.4 percent QoQ.
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About 1510 shares advanced, 2341 shares declined, and 150 shares were unchanged.
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A series of proxy advisory firms had asked Zee Entertainment shareholders to vote against the firm's proposal, citing many 'red flags'.
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Investors rushed to take some profits off the table from Zee Entertainment Enterprises shares, after the strong rally recorded in the previous session, following its growth strategy update.
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Zee Entertainment Enterprises said that it is positioned to become the leading and most profitable OTT player, while developing new business verticals to expand its target audience.
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In an exclusive conversation with MoneyControl, Amit Golani revealed that casting Babil Khan for Zee5's Logout was not influenced by his father Irrfan Khan's legacy.
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Earlier yesterday, HDFC Bank, Hindustan Unilever (HUL), Bharat Petroleum (BPCL), HUDCO, Polycab India, Tata Communications and Heritage Foods announced their Q3 results.
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These stocks are trading at steep discounts from their prices just one year ago, but are they a good buy at this juncture?
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An arbitration tribunal — formed over the dispute over the termination of the contract for content-on-demand (COD) by the PSU — rejected the claim of Margo Networks
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With this move, Goenka wants to 'dedicate' his time for the future of the company and enhance its performance by focusing on operational responsibilities as CEO, the statement said
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R. Gopalan, Chairman of ZEEL, said that after approvals, the movie would be produced by ZEE Studios, to pay homage to Ratan Tata
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Here are the top headlines of the day:
Finance Minister Nirmala Sitharaman launches NPS Vatsalya, Nifty, Sensex slip from record high ahead of Fed policy decision, Madhuri Dixit goes for Swiggy, snaps up shares ahead of IPO, ZEE refutes claim by Star India for nearly Rs 8,000 crore in damages, India overtakes China for first time ever in key MSCI equities index, Google wins challenge against $1.66 bln EU antitrust fine
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Galgali has been with the ZEE group for more than 17 years and is currently leading the Commercial & Strategic Initiatives of the company.
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The fundraising approval comes after Sony scrapped its $10 billion mega merger earlier in January this year with Zee.
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The fundraising proposal comes after Sony scrapped its $10 billion mega merger earlier in January this year with Zee.
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This decision to withdraw the implementation application will enable the company to continue to aggressively pursue all its claims against Sony in the ongoing arbitration proceedings at the Singapore International Arbitration Centre (SIAC) and in other forums, Zee said
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The media company said that Goenka has 'initiated the process of rationalization of the workforce by 15 percent, that will prune the staff strength across the company.' The core business units of the proposed structure will include broadcast, digital, movies and music.
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"Frugality, optimization and a sharp focus on quality content are the three key tenets of the plan implemented by Goenka to drive the company on targeted goals and the decision in in line with this approach," the company said in a regulatory filing.
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Zee Entertainment informed its president and group chief technology officer Nitin Mittal resigned as the company streamlines the vertical
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Sony had terminated its two-year-long merger talks with Zee on 22 January, putting an end to the process that would have created a $10 billion media behemoth
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All sectoral indices closed in the red, with auto, oil & gas, power and realty down 2 percent each
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All the big investigations, including ZEEL, are likely to expose violation of related party transactions
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Most sectors closed in the red. Nifty Media was the biggest loser, closing 4.91 percent down, Nifty Realty gained 2 percent and was the biggest sectoral gainer
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The markets regulator is broadening its probe into funds diversion at Zee and is now scrutinising more entities that have conducted business with the company in recent years, sources said. Zee dismissed allegations of accounting irregularities as false
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The mega merger between Zee and the Sony group was called off on January 22, with the latter issuing a termination letter to formally exit from the amalgamation agreement.
