Page 11 - Zee Entertainment

Zee may have offloaded its stake but it isn't enough to satisfy investors

Apart from the debt burden, Zee is also facing competition from Netflix Inc., Amazon.com Inc. and hundreds of local TV channels vying to serve India's booming demand for content

Zee Entertainment slips over 3% after Invesco Oppenheimer buys 11% stake

The deal, at Rs 400 per share, values Zee at a premium of 10.6 per cent over the current market price and will be used to pay off part of the promoter-level debt.

Comcast, partners make offer for stake in Subhash Chandra's Zee Ent

Comcast, partners make offer for stake in Subhash Chandra's Zee Ent plan to snap up a 51% stake in the media company.

Zee Entertainment consolidated net profit rises 63% to Rs 530 crore in Q1

The net profit was driven by a 108.9 per cent increase in other income of Rs 103.9 crore

Zee Entertainment reports 62.6% hike in Q1 net profit at Rs 530 cr

ZEEL's total expenses rose 6.15 per cent to Rs 1,369.99 crore from Rs 1,290.60 crore a year ago

Dish TV promoters may cash out for Rs 5,000 cr, Bharti Airtel to pick stake

Bharti Airtel, Warburg Pincus to buy Jawahar Goel's 58% stake at Rs 45-50 a share

Chandras may sell small stake in Zee Entertainment to financial investors

The promoters expect to get Rs 9,000-10,000 crore from the sale of their assets

Zee Entertainment logs 18.7% rise in revenues in FY19; ad income up 20%

Consolidated operating revenue for Q4FY19 stood at Rs 2,019.3 crore

Zee may tap private equity investors for stake sale as Sony talks fail

Financial investors are seen as a better bet than strategic ones, sources said

Promoters of Zee Entertainment sell Rs 332 crore worth of shares

The rise in share price of Zee Entertainment should help the promoters in paying back their loan against shares-debt by selling lesser stake.

Zee promoters in talks with more than 2 buyers to sell over 50% stake

Earlier this week, Essel group had sealed a formal agreement with its lenders to keep its companies afloat, under which it gets time till September to deleverage or pare its debt

Zee group's Subhash Chandra gives personal guarantee to mutual funds

Lenders ink formal agreement giving them greater control over developments at Zee

Bank of Baroda, Credit Suisse sell Zee Entertainment-pledged shares

Reserve Bank of India circular issued in February 12 last year is expected to hit the standstill proposal by the Essel group promoters

Zee Entertainment promoters may sell up to 25% stake to a strategic partner

As part of its earlier plan in November, Subhash Chandra and family had announced that they were willing to sell up to 50% of their 41.6 % stake in the company

Recent fall in share prices not related to company's performance: Zee Media

ZMCL said that since last few quarters, it is having good performance and remains committed to create value for its stakeholders

After Zee Entertainment, Essel Group's Dish TV allays investor fears

In Zee's case, pledged shares account for 24.71 % of the total equity of the company, which is 59.37% of promoter stake

Volatile Zee shares cast a shadow on MFs' loan-against-shares play

Experts say instances of lower share cover can backfire for fund houses as markets remain in a bearish phase

Rebound in Zee, Dish TV shares despite weakness in markets soothes nerves

Company reaches agreement with lenders to not invoke pledged shares; lenders offer 3 months to Zee Entertainment to find strategic partner

No default so far, clarify Zee Entertainment promoters; stock gains

ZEEL MD Punit Goenka said the moratorium for repayment of loans had been extended beyond April 2019 and that the agreement with lenders was a structured, time-bound and consolidated one

Foreign brokerages turn bullish on Zee Entertainment after stock crash

With growth prospects strong, valuations are 45% lower than 10-year average