Wednesday, 28 September, 2022
TopicZee Entertainment

Topic: Zee Entertainment

Sony-Zee merger to create media giant valued at $10 billion, Punit Goenka says

Zee’s managing director and CEO Goenka said the revenue will certainly approach almost $2 billion & that he expects all the necessary approvals to come in 8-10 months.

Why Invesco versus Zee could be another shareholder activist challenge to falter in Asia

Indian business landscape favours firms that are either substantially owned by a family, or controlled by a multinational. To come out ahead, Invesco might need to tweak its tactics.

In relief for Zee, Bombay HC restrains Invesco from requisitioning shareholders meeting

Investors Invesco and OFI Global China had sent a requisition to call for an extraordinary general meeting of shareholders for the removal of CEO Punit Goenka from the company’s board.

How Subhash Chandra is fighting to keep control of his media empire

The 70-year-old tycoon risks losing control just as Zee’s prospects are looking up. The media mogul is looking for ways to raise his family’s shareholding.

Zee’s biggest shareholder Invesco explores deal with Reliance to revive television network

The move by Invesco comes amid a bitter battle between share-holding firm and Zee CEO Punit Goenka, with the former trying to oust the latter.

Invesco trying to take over Zee in clandestine manner, founder Subhash Chandra alleges

SEBI and corporate affairs ministry must probe the intentions of Invesco and OFI Global China, Chandra said in an interview to Zee News, a channel owned by his firm.

Zee will not hold shareholders meeting, risks escalating standoff with Invesco

Zee said the requisition notice is not valid, as it suffers from multiple legal infirmities. The refusal sets the stage for a legal tussle.

Zee sells 11% stake to clear debt, still short of Rs 6,800 crore

Zee’s stock value is dropping as tycoon Subhash Chandra and his Essel Group work to clear an outstanding debt of about Rs 11,000 crore with shares pledged as collateral.

James Murdoch’s Comcast consortium eyes stake in Zee Entertainment

A deal would give Comcast, Lupa & Blackstone control of Zee’s content & its online platform ZEE5, which offers films & over 90 tv channels.

Mukesh Ambani and Sunil Mittal to compete for stake in Zee’s online content

A successful deal will help the winning bidder add a slew of video services to their OTT platforms as the government prepares to auction 5G airwaves this year.

On Camera

YourTurn

Congress leader Rahul Gandhi and Yogendra Yadav at the Bharat Jodo Yatra | YogendraYadav/Facebook

‘Congress must die’, I said in 2019. What I meant then, and what’s changed now

At this juncture in history, you don't hold on to grudges. Following Paul Samuelson, I ask everyone: 'When the situation changes, I change my assessment. What about you, sir?'
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad | Reuters file photo

From ports to energy transition — Adani Group to invest over $100 billion in next decade

Speaking at Forbes Global CEO Conference in Singapore, Adani said the group intends to do more as a solar player & has earmarked 70% of the investment for the energy transition space.

Defence

File image of Lieutenant General Anil Chauhan Twitter@adgpi

Centre appoints ‘China expert’ Lt Gen Anil Chauhan as new CDS

Lt Gen Chauhan retired as the Eastern Army Commander on 31 May, 2021. Prior to that, he was the Director General of Military Operations during the Balakot air strike in 2019.
Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.
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