Zee Entertainment Enterprises Ltd

ZEE starts settlement talks with creditors to close Sony merger

Last updated : Apr 21, 2023 20:04

SportzPower Team

Apr 20, 2023 19:04

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Zee Entertainment Enterprises Ltd has reportedly started settlement talks with its creditors to repay debts and remove the last hurdle in completing a merger with the Sony Group that would create a $10 billion media giant.

The settlement with creditors is said to be the last hurdle in completing the merger.

IDBI Bank and Axis Bank are among the creditors seeking repayment.

Apr 07, 2022 11:04

Invesco to offload 7.8% of its 18.8% stake in Zee for Rs22bn

MUMBAI: Bitter boardroom battle resolved, Invesco, the single largest shareholder in Zee Entertainment Enterprises Ltd, declared Wednesday that it would divest up to 7.8% of its stake in Zee via a block deal on April 7.

Mar 25, 2022 10:03

Zee-Sony merger hurdle removed as Invesco drops EGM demand

MUMBAI: Invesco Developing Markets Fund has decided not to pursue its requisition for an extraordinary general meeting (EGM), thereby removing the last hurdle in the the merger of Zee Entertainment Enterprises Ltd (ZEEL) with Sony. ZEEL welcomed Invesco's decision, stating it continues to seek the required valuable support from all its stakeholders.

Dec 23, 2021 11:12

Sports, OTT services to be key drivers post-merger: Punit

MUMBAI: Eight to 12 months. That is the expected time frame for the proposed merger between Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (Zee) to be completed, assuming that all regulatory clearances go through.

Dec 22, 2021 08:12

SPN, Zee ink definitive merger agreement; next step public listing

MUMBAI: Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) Wednesday announced that they have signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries.

Oct 14, 2021 19:10

Punit Goenka questions Invesco's silence over RIL merger offer

MUMBAI: Zee Entertainment Enterprises Ltd (ZEE) MD and CEO Punit Goenka Thursday questioned its largest investor’s silence over the merger deal it had pitched in February with Reliance Industries Ltd-owned media entities, and its own lack of corporate governance while seeking to change the board of the company.

Oct 13, 2021 19:10

'Never resorted to any hostile transactions': RIL on Zee-Invesco fight

MUMBAI: After being outed as it by were by Zee Entertainment Enterprises Ltd's aggressive takedown of Invesco Developing Markets Fund's (ZEE's single largest investor) actions in the ongoing battle for control of the Indian media major, Reliance Industries has issued a statement clarifying its position.

Oct 13, 2021 15:10

ZEE: Grp Invesco sought merger with was overvalued by Rs100bn

MUMBAI: In an escalation of the ongoing battle for the control of Zee Entertainment Enterprises Ltd, ZEE informed the stock exchanges on Tuesday that Invesco Developing Markets Fund pushed for the merger of the media network with certain entities owned by a "large Indian group" (strategic group) as early as February this year.

Sep 30, 2021 18:09

NCLT directs Zeel to convene board meet on Invesco's EGM call

NEW DELHI: How is this for a new twist in the tale to the proposed merger of Sony Pictures Networks India and Zee Entertainment Enterprises Ltd? The National Company Law Tribunal (NCLT) on Thursday directed ZEEL to hold a board meeting to consider Invesco's demand to convene an Extraordinary General Meeting (EGM).

Sep 23, 2021 14:09

SPNI-Zee merger deal: Advantage Sony on IPL rights bidding

32%! THAT IS HOW MUCH THE SHARES OF ZEE Entertainment Enterprises Ltd (ZEEL) zoomed Wednesday after the Indian media major announced a merger with Sony Pictures Networks India (SPNI). On the Bombay Stock Exchange (BSE), the ZEEL stock jumped to its 52-week high of Rs 337.10.

Sep 22, 2021 14:09

Zee oks in-principle merger with SPN; Sony to hold majority stake

MUMBAI: Sony Pictures Networks India (SPN) and Zee Entertainment Enterprises Ltd. (ZEEL) Wednesday announced that they have entered into an exclusive, non-binding Term Sheet to combine both companies’ linear networks, digital assets, production operations and program libraries.

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