ZEE Entertainment

Zee battles to stave off a proxy takeover

Counsel for ZEEL, Gopal Subramaniam, told the court Invesco was attempting to run a profitable company to the ground.

published on : 31st October 2021

Zee gets HC relief; no extra-ordinary general meeting for now

In a strongly worded judgement in favour of Zee, the High Court said that sometimes a company must be saved from its own shareholders, however well-intentioned.

published on : 27th October 2021

Bombay High Court reserves order on ZEEL's plea against EGM as requested by Invesco

A single bench of the high court presided over by Justice GS Patel had asked the media company if it was willing to hold such a meeting.

published on : 22nd October 2021

ZEE CMD Punit Goenka says will continue to take steps to safeguard company, its future

'Why didn't Invesco make its plans public earlier? Does good corporate governance only apply to corporates and not their institutional investors?,' Goenka said in a statement.

published on : 14th October 2021

Reliance Industries reveals proposal to merge media arm with Zee Entertainment, not interested now

It also clarified that differences arose between ZEEL MD Punit Goenka and Invesco over the founders' bid to raise stake by subscribing to preferential warrants.

published on : 14th October 2021

Invesco says tried to facilitate deal between ZEEL, Reliance

The role of Invesco, as Zee's single largest shareholder, was to help facilitate that potential transaction and nothing more.

published on : 13th October 2021

Invesco says promoters of Zee harming interest of 96% shareholders

Invesco in an all-out attack said that the founding family, which holds under 4% of the company’s shares, is benefitting at the expense of 96% shareholders.

published on : 12th October 2021

Zee-Invesco feud: NCLAT concludes hearing, to pass order later in the day

On Tuesday, the NCLT had directed ZEEL to respond to Invesco's requisition for holding the meeting by October 7.

published on : 7th October 2021

A test case for shareholder rights

The two investors have been seeking an overhaul in Zee’s board and called for the ouster of its managing director Punit Goenka.

published on : 5th October 2021

Zee-Invesco spat: NCLT to hear matter again on Tuesday

Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) along with OFI Global China Fund LLC hold a 17.88 per cent stake in ZEEL.

published on : 4th October 2021

Zee board rejects Invesco's request for convening EGM to discuss issues including removal of Managing Director

At its meeting held on Friday, the company's board rejected the minority shareholders' demand and termed the requisition as 'invalid and illegal'.

published on : 1st October 2021

Understanding shareholder activism and its impact

What it means to you As institutional investors make their presence in India, that is good news for ordinary shareholders of Zee.

published on : 27th September 2021

Zee Entertainment shares zoom 25 per cent after merger announcement with Sony India

The stock jumped 24.97 per cent to its 52-week high of Rs 319.50 on the BSE. At the NSE, it zoomed 24.99 per cent to its 52-week high of Rs 319.60.

published on : 22nd September 2021

Zee Entertainment, Sony Pictures Networks India announce merger; Punit Goenka to lead new entity

Sony Pictures Networks India said that the merger would bring together two leading Indian media network businesses, benefitting consumers throughout India.

published on : 22nd September 2021

Zee board backs its directors amid controversy over reappointment

The ZEEL board has in a statement said that it strongly condemned the allegations made by ‘certain proxy advisory firms’ against its former non-executive directors, Kurien and Chokhani.

published on : 17th September 2021
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