Tag: Zee Entertainment

SEBI slaps ₹1.5 crore fine on Zee Entertainment top bosses for fund diversion

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SEBI slaps ₹1.5 crore fine on Zee Entertainment top bosses for fund diversion

Image used for representational purposes. File | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) penalised Zee Entertainment Ltd (ZEEL) along with its promoters Subhadh Chandra and Punit Goenka ₹1.5 crore and barred them from the stock market for one year for diverting company assets to benefit promoter-linked entities. In SEBI’s final order,…

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ZEEL Q3 profit jumps nearly 3-fold at ₹164 crore

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ZEEL Q3 profit jumps nearly 3-fold at ₹164 crore

Zee Entertainment. | Photo Credit: Reuters Zee Entertainment Enterprises Ltd (ZEEL) on Thursday (January 23, 2025) reported a nearly three-fold jump in consolidated net profit at ₹163.6 crore for December quarter FY25, helped by lower expenses, specially operational costs. The company had posted a profit of ₹58.5 crore for the year-ago period, ZEEL said in…

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Zee Entertainment shareholders reject proposal to reappoint Punit Goenka as director

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Zee Entertainment shareholders reject proposal to reappoint Punit Goenka as director

Zee Group Chairman Subhash Chandra’s son Punit Goenka. | Photo Credit: PTI The shareholders of Zee Entertainment have rejected a proposal for the reappointment of Punit Goenka as director, according to a regulatory filing by the company. The filing by Zee Entertainment Enterprises Ltd (ZEEL) stated that the resolution for the reappointment of Mr. Goenka…

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Zee seeks $90 million termination fee from Sony for calling off merger

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Zee seeks million termination fee from Sony for calling off merger

ZEEL has, on account of Culver Max’s and BEPL’s breaches under the Merger Cooperation agreement, terminated the MCA by issuing a letter dated May 23, 2024.  | Photo Credit: Reuters Zee Entertainment Enterprises has sought a termination fee of $90 million (around ₹748.7 crore) from the Sony Group for calling off the $10 billion merger…

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Business

Pre-Trial Injunction Against Media Platforms Should Be Exceptional: Supreme Court

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Pre-Trial Injunction Against Media Platforms Should Be Exceptional: Supreme Court

The trial judge needed to have analysed why such an ex parte injunction was essential, top court said. New Delhi: Courts should not grant ex-parte injunctions against publication of a news article barring in exceptional cases as it may have severe ramifications for the right to freedom of speech of the author and the public’s…

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