Nov 02, 2021 02:22 PM IST
Zee has received an injunction order against calling extra ordinary general meeting (EGM) from the Bombay High Court on October 26. The company had also cancelled its board meeting for October 27.
- Oct 14, 2021 10:33 AM IST
Failed merger transaction reaffirms ZEEL’s value in Indian media and entertainment space
- Oct 14, 2021 07:50 AM IST
This strange battle for control is increasingly taking on the curious narrative of pitting the company’s management against its own shareholders
- Oct 13, 2021 12:55 PM IST
The court has asked the company's largest shareholders Invesco and OFI Global China Fund to file affidavit by October 20.
- Oct 13, 2021 09:40 AM IST
Zee's 12 October release is tactic to delay AGM. Why will the largest shareholder negotiate a deal detrimental to Zee, asks Invesco
- Oct 07, 2021 03:38 PM IST
On October 6, Zee had approached National Company Law Appellate Tribunal seeking more time to file a reply. The matter was heard by the appellate tribunal on October 7.
- Oct 07, 2021 01:21 PM IST
Zee approached the appellate tribunal on Wednesday in a bid to stay the National Company Law Tribunal (NCLT) order that sought its reply by Thursday on a plea moved by shareholder Invesco Developing Market Funds.
- Oct 04, 2021 01:04 PM IST
The Zee-Invesco episode seems destined to be decided in the courts as a conflict of interest between the promoters and a large shareholder plays out
- Oct 04, 2021 08:21 AM IST
Invesco’s notice is disruptive and does not offer a clue as to what next. The ZEE-Sony merger plan gives a roadmap promises financial stability and infusion of funds
- Oct 02, 2021 02:59 PM IST
The move comes a day after the company's board rejected Invesco and OFI Global China Fund LLC 's demand for EGM, saying it 'suffered from multiple legal infirmities'
- Sep 29, 2021 11:04 PM IST
Invesco has moved NCLT against Zee for its failure to hold an EGM to reconstitute board. Experts suggest Zee still has a few days to comply with EGM rules. Invesco responded to Moneycontrol’s query for taking legal action, following is the full response.
- Sep 29, 2021 09:56 PM IST
As per rules, the ZEEL board has time up to October 2 to call for an EGM, as requisitioned by Invesco and another 21 days to hold it. EGM has to be called within 45 days with a 21-day notice period. So, the company can push it to a maximum period of 24 days from receipt of investor request.
- Sep 28, 2021 08:50 AM IST
Two investment firms — Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LLC, which together hold 17.88 per cent stake in ZEEL — had earlier this month sought an extraordinary general meeting to remove Goenka and two independent directors Manish Chokhani and Ashok Kurien.
- Sep 24, 2021 10:46 AM IST
Dish TV said for any change in the CEO or the board of directors of the company, it needs the approval of the Ministry of Information and Broadcasting.
- Sep 23, 2021 10:00 AM IST
Zee Entertainment is the original pioneer of India's cable TV business and its merger with Sony would create the biggest entity in the broadcasting space
- Sep 22, 2021 05:09 PM IST
Now that a white knight has come to the rescue of Zee MD & CEO Punit Goenka from investors who sought his removal from the board, the company’s shareholders may get influenced by the announcement of a proposed merger with Sony to make a media behemoth.
- Sep 22, 2021 12:07 PM IST
Following the proposed merger, SPNI shareholders will hold a 52.93 percent stake in the combined entity and Zee shareholders will own a 47.07 percent stake.
- Sep 22, 2021 10:28 AM IST
This merger will require shareholder approval for the deal to go through.
- Sep 22, 2021 10:13 AM IST
Zee has a presence in over 173 countries and reaches over 600 million individuals in India every week, while Sony reaches out to over 700 million viewers in India and is available in 167 countries.
- Sep 22, 2021 09:38 AM IST
The announcement comes a week after Zee Entertainment saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka.
- Sep 22, 2021 09:31 AM IST
Sony Pictures is committed to investing in India and would hold a majority stake in the merged company, said Ravi Ahuja.
- Sep 22, 2021 07:54 AM IST
Sony Pictures will hold a majority stake in the proposed merged entity, which will be headed by Zee’s Punit Goenka
- Sep 15, 2021 02:21 PM IST
Invesco’s demand for an EGM for the removal of Punit Goenka as a Director at Zee Entertainment and re-constitution of the board is likely to open a war between the activist investor and promoter Essel Group. Here’s a look at Essel Group’s possible strategy in this Game Of Thrones.
- Sep 15, 2021 02:08 PM IST
The media and entertainment business house saw infrastructure and unrelated ventures burden it with debt
- Sep 15, 2021 10:15 AM IST
Shareholders of Zee have called in for a special meeting seeking removal of MD Punit Goenka along with two other directors from the board. This isn’t the first time when shareholders of a certain company have shown exit door to the promoters. Watch the video to find out about such companies.