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Zee Entertainment Enterprises Ltd

Thu 13/03/2025,15:59:17 | NSE : ZEEL

₹ 100.16-4.49 (-4.29%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 104.80

Previous Close

₹ 104.65

Volume

10232062

Mkt Cap ( Rs. Cr)

₹9620.56

High

₹ 105.50

Low

₹ 99.63

52 Week High

₹ 168.70

52 Week Low

₹ 89.32

Book Value Per Share

₹ 117.20

Dividend Yield

0.99

Face Value

₹ 1.00

What’s Your Call?

Collective community sentiment on Zee Entertainment Enterprises Ltd

Your Vote -

Buy

68.48%

Hold

18.76%

Sell

12.76%

68.48%

83921 users have voted

Market Depth

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Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

100.16

10223

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Bid Total

10223

Bid Price

Qty

0.00

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Bid Total

0

Option Chain

Analyzes market sentiment, predicts Zee Entertainment Enterprises Ltd' movement.

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News

Media spotlight triggers stock stock attention, sentiment.

  • Zee Entertainment En - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Mar 2025, 6:06PM Zee Entertainment Enterprises Limited has informed the Exchange about Schedule of meet
  • Zee Entertainment En - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    11 Mar 2025, 6:02PM Intimation of Investor Meeting
  • Zee Entertainment En - Reply to Clarification- Financial results

    7 Mar 2025, 6:03PM The Exchange had sought clarification from Zee Entertainment Enterprises Limited for the quarter ended 31-Dec-2024 with respect to Regulation 33 of th
  • Zee Entertainment En - Clarification - Financial Results

    5 Mar 2025, 10:57AM The Exchange has sought clarification from Zee Entertainment Enterprises Limited for the quarter ended 31-Dec-2024 with respect to Regulation 33 of th
  • Zee Entertainment En - General Updates

    28 Feb 2025, 2:54PM Zee Entertainment Enterprises Limited has informed the Exchange about General Updates
  • Zee Entertainment En - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And

    28 Feb 2025, 2:52PM Disclosure under Reg 30 of SEBI (LODR) Regulations, 2015
  • Zee Entertainment En - Press Release

    19 Feb 2025, 4:22PM Zee Entertainment Enterprises Limited has informed the Exchange regarding a press release dated February 19, 2025, titled ""ZEE Entertainment secures
  • Zee Entertainment En - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    19 Feb 2025, 4:17PM Press Release
  • Zee Entertainment En - Updates

    4 Feb 2025, 4:32PM Zee Entertainment Enterprises Limited has informed the Exchange regarding 'Clarification - Disclosure dated January 31, 2025 on resignation of Senior
  • Zee Entertainment En - Clarification - Disclosure Dated January 31, 2025 On Resignation Of Senior Management Personnel

    4 Feb 2025, 4:28PM Clarification
  • Zee Entertainment En - General Updates

    2 Feb 2025, 11:58AM Zee Entertainment Enterprises Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Li
  • Zee Entertainment En - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And

    2 Feb 2025, 11:55AM Disclosure under Reg. 30 of the SEBI (LODR) Regulations, 2015
  • Zee Entertainment En - General Updates

    31 Jan 2025, 10:14PM Zee Entertainment Enterprises Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Li
  • Zee Entertainment En - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And

    31 Jan 2025, 10:12PM Disclosure under Reg 30 of SEBI (LODR) Regulations, 2015
  • Zee Entertainment En - Analysts/Institutional Investor Meet/Con. Call Updates

    30 Jan 2025, 6:21PM Zee Entertainment Enterprises Limited has informed the Exchange about Transcript of the Conference Call dated January 23, 2025
  • Zee Entertainment En - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    30 Jan 2025, 6:11PM Transcript of the Conference Call dated January 23, 2025
  • Zee Entertainment En - Copy of Newspaper Publication

    24 Jan 2025, 12:52PM Zee Entertainment Enterprises Limited has informed the Exchange about Copy of Newspaper Publication
  • Zee Entertainment En - Integrated Filing- Financial

    23 Jan 2025, 8:42PM Integrated Filing (Financials) for the quarter and nine months ended December 31, 2024
  • Zee Entertainment En - Integrated Filing (Financial)

    23 Jan 2025, 8:39PM Integrated Filing (Financials)
  • Zee Entertainment En - Analysts/Institutional Investor Meet/Con. Call Updates

    23 Jan 2025, 8:19PM Zee Entertainment Enterprises Limited has informed the Exchange about Presentation and Link of Recording
  • Zee Entertainment En - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    23 Jan 2025, 8:17PM Intimation of Conference Call
  • Zee Entertainment En - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    23 Jan 2025, 3:27PM ZEE ENTERTAINMENT ENTERPRISES LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Shar
  • Zee Entertainment En - General Updates

    23 Jan 2025, 3:16PM Zee Entertainment Enterprises Limited has informed the Exchange about Appointment of Ms. Divya Karani as an Additional Director in the category of Ind
  • Zee Entertainment En - Financial Result Updates

    23 Jan 2025, 3:05PM Zee Entertainment Enterprises Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Zee Entertainment En - Outcome of Board Meeting

    23 Jan 2025, 2:59PM Zee Entertainment Enterprises Limited has informed the Exchange regarding Board meeting held on January 23, 2025.
  • Zee Entertainment En Q3 net profit jumps 65.12% at Rs 126.00 cr

    23 Jan 2025, 5:00PM The company reported standalone net profit of Rs 126.00 crore for the quarter ended December 31, 2024 as compared to Rs 76.31 crore in the same period
  • Zee Entertainment En - Appointment Of Ms. Divya Karani As An Additional Director In The Category Of Independent Director Of T

    23 Jan 2025, 3:13PM Appointment of an Additional Director in the category of Independent Director
  • Zee Entertainment En - Unaudited Financial Results Of The Company And Limited Review Reports, Both Standalone And Consolidate

    23 Jan 2025, 3:03PM Financial Results for the quarter ended December 31, 2024
  • Zee Entertainment En - Board Meeting Outcome for Outcome Of The Board Meeting Held On January 23, 2025

    23 Jan 2025, 2:57PM Outcome of the Board Meeting held on January 23, 2025
  • Zee Entertainment En has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2024

    20 Jan 2025, 7:30PM As of December 2024, 3.99% is owned by Promoters and 96.01% by Public. <p align=justify> Among Promoters holding, Indian Promoters holds 0.22% and For
  • Zee Entertainment En - Analysts/Institutional Investor Meet/Con. Call Updates

    20 Jan 2025, 6:49PM Zee Entertainment Enterprises Limited has informed the Exchange about Schedule of meet
  • Zee Entertainment En - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    20 Jan 2025, 6:43PM Intimation of Conference Call
  • Zee Entertainment En - Board Meeting Intimation

    20 Jan 2025, 3:36PM Zee Entertainment Enterprises Limited has informed the Exchange about Board Meeting to be held on 23-Jan-2025 to inter-alia consider and approve the U
  • Zee Entertainment En - Board Meeting Intimation for Notice Of Board Meeting

    20 Jan 2025, 3:20PM ZEE ENTERTAINMENT ENTERPRISES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/01/2025 ,inter alia, t
  • Zee Entertainment En - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    17 Jan 2025, 4:29PM Cerificate under Reg. 74(5) of SEBI (DP) Regulations, 2018
  • Zee Entertainment En - Updates

    17 Jan 2025, 4:25PM Zee Entertainment Enterprises Limited has informed the Exchange regarding Certificate under Regulation 74(5) of Securities and Exchange Board of India
  • Zee Entertainment En - Updates

    13 Jan 2025, 8:31PM Zee Entertainment Enterprises Limited has informed the Exchange regarding 'Change of name of Registrar and Transfer Agent of the Company'.
  • Zee Entertainment En - Change Of Name Of Registrar And Transfer Agent Of The Company

    13 Jan 2025, 8:27PM Change of name of Registrar and Transfer Agent of the Company
  • Zee Entertainment En - General Updates

    2 Jan 2025, 7:47PM Zee Entertainment Enterprises Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Li
  • Zee Entertainment En - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And

    2 Jan 2025, 7:43PM Disclosure under Reg 30 of SEBI (LODR) Regulations, 2015
  • Zee Entertainment En - Trading Window-XBRL

    23 Dec 2024, 7:06PM ZEE ENTERTAINMENT ENTERPRISES LIMITED has informed the Exchange about Closure of Trading Window
  • Zee Entertainment En - Trading Window

    23 Dec 2024, 6:54PM Zee Entertainment Enterprises Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading)
  • Viewpoint Update: Zee Q3FY25 Results

    27 Jan 2025 , 12:41PM Viewpoint Update: Zee Q3FY25 Results – Effective cost management cheers amid soft Ad environment
  • Zee Entertainment Enterprises

    24 Jan 2025 , 9:37AM The company has said it has filed a counterclaim case for $8 million plus interest (around Rs 70 crore) against Star India. This comes after Star filed damages claim of $940 million in relation to a failed International Cricket Council (ICC) contract, currently being arbitrated at the London Court of International Arbitration (LCIA).
  • ZEE

    3 Jan 2025 , 10:43AM SEBI has dismissed settlement applications submitted by Zee Entertainment Enterprises and Punit Goenka and ordered additional investigation into the violation of provisions of its regulations. These applications were related to the show cause notices, which pertained to alleged siphoning of funds from ZEEL to other promoter entities. While SEBI did withdraw the show cause notices issued to Zee, Subhash Chandra, and Punit Goenka for purported breaches of SEBI regulations, it mandated the consolidation of the contents of the show cause notices into the ongoing broader investigation.
  • Viewpoint: Zee Entertainment

    2 Dec 2024 , 11:58AM Viewpoint: Zee Entertainment– Prime acquisition target, tactical long with 30% upside
  • Zee Entertainment Enterprises

    19 Nov 2024 , 11:59AM Punit Goenka has resigned as the Managing Director of Zee Entertainment and has been appointed as CEO to have his focus entirely on operational responsibilities assigned to him by the board of the company.
  • ZEE

    10 Oct 2024 , 10:40AM Following a probe by SEBI regarding alleged fund diversions, the Independent Investigation Committee (ICC) set up by ZEEL found no material irregularities in the company. Neutral to Sentimentally positive read through.
  • Zee Entertainment Enterprises

    4 Sep 2024 , 11:29AM The Securities Appellate Tribunal (SAT) has postponed the hearing of Subhash Chandra’s plea against SEBI over alleged fund diversion. Meanwhile, ZEEL has received approval from the Ministry of Corporate Affairs and the Registrar of Companies (ROC) in Mumbai for an extension to hold its 42nd Annual General Meeting (AGM) for the financial year ending March 31, 2024.
  • Zee Entertainment Enterprises

    18 Jul 2024 , 10:02AM The company launched a Foreign Currency Convertible Bonds (FCCB) issue, with an aim to raise $239 million. Earlier in a filing, the company said the FCCBs would be issued to Resonance Opportunities Fund, St. John's Wood Fund Ltd. and Ebisu Global Opportunities, on terms and conditions mutually decided between the company and the 'proposed' investors.
  • ZEE

    12 Jul 2024 , 12:47PM Zee: The board is to consider and approve the raising of funds on Tuesday.
  • ZEEL

    26 Jun 2024 , 10:54AM The National Company Law Tribunal (NCLT) has allowed ZEE Entertainment Enterprises Limited (ZEEL) to withdraw its implementation application that sought directions to Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment to implement the composite scheme of arrangement between the three companies.
  • Zee Entertainment Enterprises

    19 Jun 2024 , 10:03AM CFO Rohit Kumar Gupta has stepped down from the position for personal reasons. The company has appointed Mukund Galgali as acting CFO.
  • Zee Entertainment Enterprises

    4 Jun 2024 , 12:21PM The company board meeting is scheduled for June 6 to consider raising funds by way of the issuance of equity shares.
  • Zee Entertainment Enterprises

    18 Apr 2024 , 11:52AM The company has announced its decision to withdraw the merger implementation application filed before the National Company Law Tribunal. This will enable the company to continue to aggressively pursue all its claims against Sony in the ongoing arbitration proceedings at the Singapore International Arbitration Centre and in other forums.
  • Zee Entertainment Enterprises

    8 Apr 2024 , 12:11PM The company has proposed a new, streamlined management structure to the board to rationalise its workforce by 15 per cent. The firm did not give the number of layoffs.
  • Zee

    5 Apr 2024 , 11:54AM The company has informed that Mr. Punit Misra, President – Content & International Markets, designated as Senior Management Personnel of the Company has decided to step down from his Office as he has expressed his desire to pursue interests outside the organization.
  • Zee Entertainment Enterprises

    3 Apr 2024 , 1:11PM The company’s MD and CEO Punit Goenka has taken the decision to implement a voluntary 20% reduction in personal remuneration.
  • Zee Entertainment Enterprises

    1 Apr 2024 , 1:21PM The company has reduced the workforce at its Technology and Innovation Centre in Bengaluru by about 50%, to cut costs.
  • ZEE

    28 Feb 2024 , 11:27AM The company has expanded the scope of its recently constituted independent advisory committee to include an investigation to review the allegations levelled by regulators and other parties.
  • Zee Entertainment Enterprises

    26 Feb 2024 , 12:43PM The company said its board has constituted an independent advisory committee headed by Dr. Satish Chandra, retired Judge of the Hon’ble High Court of Allahabad to review the alleged widespread circulation of misinformation, market rumours and speculation about the company.
  • Zee Entertainment Enterprises

    22 Feb 2024 , 11:47AM As per media reports, the Securities and Exchange Board of India (SEBI) might question the top management of Zee on fund diversion case
  • Zee

    21 Feb 2024 , 10:30AM The company has clarified that it is not involved in any negotiations in relation to the Sony merger deal. Further in another news as per media reports, Securities and Exchange Board of India (SEBI), has unearthed a financial discrepancy exceeding $240 million or around Rs 2,000 crore in the accounts of Zee Entertainment Enterprises. Negative read through.
  • Zee Entertainment Enterprises

    20 Feb 2024 , 11:03AM As per media reports, the company has re-engaged with Sony Group Corp in a final attempt to revive their $10-billion merger, which had been officially called off on January 22.
  • Zee Entertainment Enterprise

    6 Feb 2024 , 12:06PM The National Company Law Tribunal will hear on Tuesday (today) a plea filed by the company regarding the recently terminated merger with Sony Group Corp.'s Indian subsidiary.
  • Zee Entertainment Enterprises

    30 Jan 2024 , 1:12PM The hearing for an emergency arbitration in the Zee Entertainment - Sony merger will take place at the Singapore International Arbitration Centre (SIAC) on Wednesday, 31 January 2024.
  • ZEE

    29 Jan 2024 , 2:43PM As per media reports, Zee is looking to sue Sony for damages due to the failed merger. Further Promoter family will be raising stake in company by 5% soon, to eventually total 26%.
  • Stock update: Zee Entertainment

    25 Jan 2024 , 12:02PM Stock update: Zee Entertainment – Merger with Sony called off, Book Out
  • Stock update: Zee Entertainment

    24 Jan 2024 , 12:41PM Stock update: Zee Entertainment – Merger with Sony called off, Book Out
  • ZEEL: Merger with Sony called off

    23 Jan 2024 , 9:36AM ZEEL: Merger with Sony called off, Booked out
  • Zee Entertainment Enterprises

    19 Jan 2024 , 12:15PM As per media reports, Sony Group Corp is set to convene a board meeting today on January 19 (today) to discuss the fate of the proposed $10-billion merger between Zee and Culver Max Entertainment Private Limited (erstwhile Sony Pictures Networks India Private Limited). As per the report, Sony is expected to pass a resolution calling off the planned amalgamation unless Zee's Managing Director and Chief Executive, Punit Goenka, agrees to step down from his current title in the merged company. Further as per the report, Zee representatives indicate that negotiations are ongoing, and emphasised efforts are being made to resolve outstanding issues to make the deal viable. Stock to be in focus.
  • ZEE Entertainment Enterprises

    9 Jan 2024 , 2:31PM The company has clarified on the news of Sony Group Corp calling off the merger between its arm and Zee, appearing in media that the article is baseless and factually incorrect. The company has stated that it is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger.
  • Zee Entertainment

    9 Jan 2024 , 10:11AM As per media reports, Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd. Sony is looking to cancel the deal due to a standoff over whether Zee’s Chief Executive Officer Punit Goenka, would lead the merged entity. Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal, saying some of the conditions necessary for the merger had not been met. The culmination of the merger deal is very important for both ZEE and Sony for revival, if the deal fails, we expect significant correction in stock price of ZEE. Negative read through.
  • Zee Entertainment

    21 Dec 2023 , 10:43AM Culver Max (formerly Sony Pictures Networks India Pvt Ltd.) and Bangla Entertainment have agreed to discuss the extension of the merger date. The deadline for the completion of the merger was set for Dec. 21. Sentimentally positive however outcome of the discussion is more important. Stock to be in focus.
  • Zee Entertainment Enterprises

    18 Dec 2023 , 10:34AM Zee Entertainment Enterprises has requested Culver Max Entertainment Pvt. Ltd. (formerly known as Sony Pictures Networks India Pvt. Ltd.) and Bangla Entertainment Pvt. Ltd. to extend the timeline required to make the merger effective. Zee and Sony Group need to jointly seek approval from the Ministry of Information and Broadcasting for the new board of directors of the merged entity, and appointment of managing director and chief financial officer. Both parties also have to file with the Registrar of Companies for the new merged entity. These steps must be completed by Dec. 21. The merger allows for three extensions of the deadline with consent from both entities. This is the first request for extension. Sentimentally negative read through.
  • ZEE

    14 Dec 2023 , 3:16PM The Company has received a letter from Mr. Adesh Kumar Gupta intimating his intention not to continue as a director of the Company after the upcoming annual general meeting. Consequent to the above, Mr. Adesh Kumar Gupta will cease to be a Member of Audit Committee, and Chairman of Risk Management Committee and Stakeholders Relationship Committee of the Board after the AGM.
  • Zee Entertainment

    6 Dec 2023 , 11:53AM NCLAT to hear IDBI's insolvency plea against Zee Entertainment today . The case was earlier brought up for hearing on November 8 and adjourned after the counsel appearing in the matter sought the deferment to complete pleadings.
  • Zee Entertainment

    6 Dec 2023 , 11:52AM NCLAT to hear IDBI's insolvency plea against Zee Entertainment today . The case was earlier brought up for hearing on November 8 and adjourned after the counsel appearing in the matter sought the deferment to complete pleadings.
  • Zee Entertainment Enterprises

    30 Nov 2023 , 11:32AM Zee Entertainment Enterprises Ltd. denied a recent media report indicating risks to its planned merger with Sony Group Corp.’s India unit, stating it was factually incorrect. Zee said it is continuing to work towards successful closure of the proposed merger.
  • Zee Entertainment

    30 Oct 2023 , 1:03PM Securities Appellate Tribunal (SAT) allowed an appeal by Punit Goenka, setting aside the Sebi order barring him from holding key managerial positions in the company and other firms. The SAT further directed Goenka to cooperate with Sebi's investigation. Sebi to complete the enquiry in eight months.
  • Zee Entertainment Enterprises

    11 Oct 2023 , 10:36AM The company has been served with an appeal on behalf of IDBI Trusteeship Services against it before the NCLAT, Delhi. The appeal challenges the scheme of arrangement involving Zee Entertainment Enterprises, Bangla Entertainment, and Culver Max Entertainment. Neutral to Sentimentally negative read through.
  • Zee Entertainment Enterprises

    20 Sep 2023 , 1:54PM FTSE Russell says Culver Max Ent (Sony Pictures Networks India)will replace ZeeEntertainmnet in FTSE indices based on merger terms on effective merger date.
  • Zee Entertainment Enterprises

    28 Aug 2023 , 11:37AM Punit Goenka has moved SAT challenging SEBI's confirmatory order whereby it has restricted Goenka from taking key managerial position in the Zee-Sony merged entity. Mr. Goenka is seeking a stay in SEBI's restraining order till the probe concludes, which is likely to take another eight months. Neutral read through.
  • Zee Entertainment

    18 Aug 2023 , 11:33AM The National Company Law Appellate Tribunal (NCLAT) has agreed to hear a plea by IDBI Bank seeking insolvency proceedings against Zee Entertainment Ltd . The hearing is scheduled on August 31.
  • Zee Entertainment

    17 Aug 2023 , 12:10PM NCLAT hearing on IDBI Bank's plea against Zee Entertainment on Aug 17th (today). The bank has challenged an NCLT order, which had on May 19 rejected its plea to initiate insolvency proceedings against Zee.
  • Zee Entertainment

    16 Aug 2023 , 11:07AM Sebi in a revised order said that it will complete its investigation into the case pertaining to Zee Entertainment Enterprises Ltd owners Subhash Chandra and Punit Goenka within 8 months .Until the investigation is complete, Subhash Chandra and Punit Goenka will not hold any directorial positions in any of the Essel Group companies. This does not impact the NCLT approval on Zee Sony merger passed last week. Neutral read through
  • Zee Entertainment

    16 Aug 2023 , 11:05AM Sebi in a revised order said that it will complete its investigation into the case pertaining to Zee Entertainment Enterprises Ltd owners Subhash Chandra and Punit Goenka within 8 months .Until the investigation is complete, Subhash Chandra and Punit Goenka will not hold any directorial positions in any of the Essel Group companies. This does not impact the NCLT approval on Zee Sony merger passed last week. Neutral read through
  • Zee Entertainment

    10 Aug 2023 , 2:54PM NCLT approves Sony Zee merger. NCLT dismisses all objections in Sony Zee Merger case. View: NCLT verdict removes the major overhang relating to merger and is a positive read through for the stock as the merger of Zee-Sony is likely to lead to rerating for Zee.
  • Zee Entertainment

    10 Aug 2023 , 10:28AM The NCLT will pronounce its verdict today on the Zee-Sony merger. On July 10, the tribunal reserved its order on the merger. The Zee-Sony merger is key for any rerating on Zee. Stock to be in focus.
  • ZEE

    4 Aug 2023 , 2:18PM As per media reports, the Ministry of Corporate Affairs (MCA) is examining irregularities in Zee Entertainment Enterprises as alleged by the market regulator SEBI. We will await clarification from the company management.
  • Zee Entertainment

    3 Aug 2023 , 1:43PM NCLAT to hear IDBI's appeal against Zee Entertainment on August 17
  • ZEE

    2 Aug 2023 , 10:40AM The company said IDBI Bank has challenged National Company Law Tribunal (NCLT)'s order before National Company Law Appellate Tribunal (NCLAT). NCLT had dismissed an application filed under Section 7 of IBC, 2016, by IDBI Bank against the company on May 19, 2023. The NCLAT has listed IDBI Bank's appeal against the NCLT’s order rejecting the insolvency plea for August 2. Stock to be in focus.
  • ZEE

    27 Jul 2023 , 10:48AM The Securities Appellate Tribunal (SAT) will hear an appeal filed by Sebi on Thursday (today) for modification of the directions in the July-10 order in the alleged fund diversion case at Zee Entertainment Enterprises by promoters Punit Goenka and Subhash Chandra. Stock to be in focus.
  • Zee Entertainment Enterprises

    18 Jul 2023 , 10:31AM The Zee Board has constituted an interim committee of senior executives to conduct the day-to-day operations of the company. Mr Punit Goenka was barred from the position of MD and CEO of Zee as per SEBI’s interim order in July. Since the order restricts Punit Goenka from holding the position as director or key managerial position in a listed company, the Board of the company has constituted an Interim Committee of senior executives to ensure smooth operations of the company. The interim committee will function under the supervision of ZEEL's Board and will seek its guidance on all matters about the company.- Stock to remain in focus.
  • ZEE

    10 Jul 2023 , 12:04PM The National Company Law Tribunal (NCLT) has adjourned the hearing in the Zee-Sony merger case to July 10 (today).
  • Zee Entertainment

    10 Jul 2023 , 11:59AM SAT refuses to grant interim stay on Sebi's order. The tribunal dismisses appeal by Mr Subhash Chandra and Mr Punit Goenka over a ban by Sebi from holding board positions. Mr. Goenka and Mr. Chandra would be filing a reply in SEBI in two weeks on their interim order. View – Overhang persists. We will await the final judgment relating to Zee-Sony merger case. The fructification of the merger of Sony and ZEE, remains the key investment thesis for Zee.
  • Zee Entertainment

    7 Jul 2023 , 11:27AM NCLT has adjourned Sony-Zee merger case to July 10.
  • ZEE

    3 Jul 2023 , 12:04PM Zee Entertainment and IndusInd Bank have announced that all payments due to IndusInd bank were made by ZEEL on June 30. The National Company Law Appellate Tribunal (NCLAT) has accordingly disposed of the appeal. In March 2023, the parties had informed NCLAT that they have reached a settlement and as per the settlement agreement, payment obligations had been undertaken, which was to be paid till June 30, or within 7 days of the Sony merger.
  • Zee Entertainment Enterprises

    27 Jun 2023 , 11:29AM The NCLT has dismissed an application by IDBI Trusteeship to initiate corporate insolvency resolution of Cyquator Media Services, a promoter group company of Zee Entertainment Enterprises Ltd. Securities Appellate Tribunal to hear Zee's Subhash Chandra, Punit Goenka’s plea on June 27(today)
  • Zee Entertainment

    26 Jun 2023 , 12:23PM The Securities Appellate Tribunal (SAT) last week had said that the next hearing in Zee merger case will take place on June 26 (today). NCLT to hear Zee CEO appeal in proposed Zee-Sony merger case.- Stock to be in focus.
  • Zee Entertainment Enterprises

    22 Jun 2023 , 10:25AM Zee Entertainment Enterprises has reached a settlement with Sebi with respect to alleged insider trading norm breach in 2019 and has paid Rs 700,000 towards the same. The case pertained to delayed disclosure of invocation of pledged shares to the exchanges, which meant the company violated the prohibition of insider trading norms. Sentimentally positive read through.
  • Zee Entertainment

    21 Jun 2023 , 10:16AM As per media news, Sony Corp. has no plans to back out of the merger of Sony Pictures Networks India (now Culver Max Entertainment Pvt. Ltd) with Zee Entertainment Enterprises Ltd, despite allegations of funds diversion made against its promoters Subhash Chandra and Punit Goenka by India’s markets regulator. As per the news, Sony remains fully committed to the merger in its original shape amid market concerns over the fate of the USD 1.7 billion deal. View- Positive read-through. Though stock to remain in focus awaiting the outcome of the hearing on June 26th against Sebi Interim order.
  • Zee Entertainment Enterprises

    13 Jun 2023 , 10:21AM Sebi has banned Subhash Chandra, chairman of Essel Group and Punit Goenka, the Chief Executive Officer (CEO) of Zee Entertainment Enterprises (ZEEL) from holding a director or Key Managerial Personnel in any listed company or its subsidiaries until further orders. Sebi's directions have come after it found that Subhash Chandra and Punit Goenka siphoned off funds for their own benefits from their listed entity ZEEL. Sebi has asked ZEEL to place this direction before its board within 7 days from the date of receipt and has given both Subhash Chandra and Punit Goenka 21 days of time to file their reply or objections if any in the case. The interim order, which is likely to be challenged by the promoters, has come at a time when the company is seeking regulatory approvals for a merger with Sony Pictures Networks India
  • Zee Entertainment Enterprises

    12 May 2023 , 9:43AM The proposed merger of Zee Entertainment Enterprises Ltd with Sony Pictures Networks India (SPN) is likely to face a fresh setback after the NSE and BSE informed the National Company Law Tribunal (NCLT) that they have been asked by the Securities and Exchange Board of India (Sebi) to submit a 25th April Sebi order as part of the record. The market regulator had passed an ex-parte order in the matter of Shirpur Gold Refinery fund diversion case. Negative read through
  • Zee Entertainment:

    17 Apr 2023 , 11:43AM Invesco Developing Markets Fund, an investor in Zee Entertainment Enterprises Ltd (ZEEL), is poised to sell its entire 5.65% stake in the company for as much as Rs 1,130 crore. In October, Invesco sold 5.51% of ZEEL for around Rs 1,395.9 crore, paring its shareholding to 5.65%. As per media sources, Invesco is set to exit the company on Monday, 17 April, via bulk deals.- Stock to be in focus.
  • Zee Entertainment Enterprises

    31 Mar 2023 , 12:42PM The Company has entered into one-time settlement agreement with Standard Chartered Bank. The settlement agreement is regarding certain credit facilities to Siti Networks. Also, IndusInd gets nod to withdraw ZEE insolvency process plea . National Company Law Tribunal (NCLT) has now posted the matter about the approval of the merger between Zee Entertainment and Sony Group's subsidiary for April 13, 2023. Stock to be in focus.
  • Zee Entertainment

    29 Mar 2023 , 2:04PM The Company and IndusInd Bank Limited have mutually entered into the settlement agreement on such agreed terms by which all disputes and claims have been settled between the Company and IndusInd Bank Limited. The pact paves a way for Zee-Sony merger. NCLAT lists the case on July 3 on joint request by both parties.
  • Zee Entertainment Enterprises

    17 Mar 2023 , 10:32AM Zee Entertainment Enterprises, Indian Performing Right Society settle disputes & claims. The Zee and Indian Performing Right Society (IPRS) have mutually entered into the settlement agreement, and hence all disputes and claims have been settled between them. Accordingly, IPRS agreed to withdraw the insolvency petition filed by them. There is no penalty paid and no material impact on the financial position of the company.
  • Zee Entertainment Enterprises

    16 Mar 2023 , 2:24PM Zee Entertainment Enterprises has agreed to repay dues owed to IndusInd Bank as the company seeks to resolve insolvency proceedings initiated against it. The move will help Zee to move forward on its merger with Sony Group unit. The settling of dues of $10 million to IndusInd Bank could happen as early as Friday. IndusInd Bank post payments will withdraw NCLT insolvency petition. Positive read through.
  • Zee Entertainment Enterprises

    8 Mar 2023 , 11:52AM The company entered a settlement agreement with operational creditor Indian Performing Rights Society to settle all claims and disputes. Subsequently, IPRS has withdrawn its insolvency petition against the company.(Positive read through).
  • Zee Entertainment Enterprises

    28 Feb 2023 , 11:26AM The exchanges reverted surveillance actions against the company after NCLAT stayed insolvency proceedings against it. With this, the exclusion of Zee from futures and options segment stands withdrawn and F&O contracts with May 2023 expiry to be made available from Feb. 28. Positive read through for the stock
  • Zee Entertainment Enterprises

    24 Feb 2023 , 11:09AM NCLAT will today hear appeal against the start of Zee insolvency. Stock to be in focus.
  • Zee Entertainment Enterprises Ltd.

    23 Feb 2023 , 12:39PM Zee Entertainment: NCLT Admits Indusind Bank's Insolvency Plea Against Zee Entertainment . This is likely to create hurdles in ZEEL’s merger with Culver Max Entertainment (Sony). The merger application is currently in at the second stage before the NCLT. It will be taken up on March 9. Negative read through
  • Zee

    15 Feb 2023 , 12:22PM The Mumbai bench of the National Company Law Tribunal (NCLT) adjourned the matter related to applications filed by certain lenders and creditors, against the proposed merger of media and entertainment company Zee Entertainment Enterprises Ltd (ZEE) with Culver Max Entertainment (earlier Sony Pictures Networks India), to 9 March.
  • Zee Entertainment Enterprises

    3 Jan 2023 , 10:09AM An operational creditor Indian Performing Right Society Ltd (IPRS), has filed an insolvency case against Zee Entertainment Enterprises Ltd for allegedly defaulting on an amount of over Rs 211 crore. The petition has been filed claiming a debt and default of Rs. 211,41,82,521/-, towards royalty payable for utilization of literary and musical works. Zee said it will contest the insolvency plea by operational creditor Indian Performing Right Society on the ground that there is a pre-existing dispute between the parties on the claimed amount. According to the company the claim is not in consonance with the interpretation of the law on the point of payment of royalties for literary and musical works by the Delhi High Court, and hence, the claimed amount is not due or payable to IPRS. Sentimentally negative read through.
  • Zee Entertainment

    15 Dec 2022 , 2:53PM IDBI bank has filed application u/s 7 of IBC against Zee Entertainment claiming a default of Rs. 149.6 cr. The Bank’s claim arises under a Debt Service Reserve Agreement entered by the Bank and the Company for the financial facility availed by Siti Networks Limited. Zee Ent is vehemently disputing the Bank’s claim in other proceedings filed by the Bank against the Company for recovery of its alleged dues and expects NIL financial implications.
  • Zee Entertainment Enterprises

    24 Nov 2022 , 9:39AM Zee Entertainment Enterprises: The company said the petition filed against it by Invesco and OFI before the NCLT has been dismissed.
  • Zee Entertainment Enterprises

    17 Oct 2022 , 9:57AM Shareholders of Zee Entertainment approved the proposed merger of the company with Sony. The proposed merger has already received approval from the stock exchanges and the Competition Commission of India
  • Zee Entertainment Enterprises

    6 Oct 2022 , 10:47AM Zee Entertainment Enterprises Ltd (ZEEL): Competition Commission of India (CCI) has approved the merger of Zee Entertainment Enterprises Ltd with Sony Pictures Networks India Pvt. Ltd post accepting the modifications (ZEEL to exclude major entertainment channel from the merger) proposed by the companies to the deal they had announced last December. CCI approval is positive for ZEEL and both the companies would wait for further regulatory approval. ZEEL-Sony merger is key re-rating trigger for ZEEL as the combined entity would emerge as a strong player in entertainment industry to tap growth opportunities. We have Buy rating on ZEEL.
  • Zee Entertainment Enterprises

    13 Sep 2022 , 10:50AM As per media reports, a unit of Sony Group and India's Zee Entertainment have proposed offering concessions such as pricing discounts to help ease concerns of the country's antitrust regulator over their merger. The concessions are a bid to address antitrust worries of the Competition Commission of India (CCI). Positive for ZEEL.
  • Zee entertainment

    1 Aug 2022 , 9:56AM It has received approval from stock exchanges BSE and NSE for its proposed merger with Sony Pictures Networks India. The proposed merger with Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India) has been approved by the exchanges. The approvals permit ZEEL to proceed with the next steps in the overall merger process - positive
  • ZEE Entertainment

    20 Jun 2022 , 2:25PM As per media news, ZEE5 is aiming for high double-digit to triple-digit revenue growth this year, riding on the momentum built over the last two years during the Covid pandemic. The platform, which had recently unveiled 11 original series in Telugu as part of its strategy to cater to different languages in the country – positive read-thru
  • Zee Entertainment Enterprises

    13 Jun 2022 , 10:20AM As per media news, the auctions for the media rights of the Indian Premier League (IPL) saw the four broadcasters (including ZEEL and Sony Pictures) in the fray submitting bids for TV and digital rights for the next five years, ensuring at least Rs 105 crore per match or a total Rs 43,050 crore. At the end of day one, the highest bid for TV rights was Rs 57 crore per match or Rs 23,370 crore in total, while that for digital rights was at Rs 48 crore per match or Rs 19,680 crore for five years. The reserve price for TV and digital rights was Rs 49 crore and Rs 33 crore per match, respectively – If ZEEL/Sony wins the IPL rights for next 5 years, then we believe the company would able to add significant subscribers which would take it to leadership position.
  • ZEE Entertainment

    7 Apr 2022 , 10:04AM Invesco Oppenheimer, the largest shareholder of Zee Entertainment (ZEEL), has decided to sell up-to 7.8% of its stake in ZEEL through the block deal today around Rs. 270-290. Note that Invesco Oppenheimer currently holds 17.92% stake in ZEEL and the company. The purpose of the sale is to only align its exposure in line with the investment team’s portfolio construction approach. Post the transaction, Invesco will continue to own at-least 11% stake in ZEEL.
  • Invesco to sell 7.8% stake in Zee Entertainment

    7 Apr 2022 , 9:06AM Invesco to cut stake in Zee Entertainment by more than a third to 11%
  • Zee Entertainment spurts as Invesco withdraws EGM notice

    24 Mar 2022 , 10:51AM Zee Entertainment surges by 20% to Rs. 307.25, after Invesco drops board rejig demand
  • Zee Entertainment in focus

    24 Mar 2022 , 10:14AM Zee Entertainment surges by 20% to Rs. 307.25
  • ZEE Entertainment

    24 Mar 2022 , 9:42AM Invesco decides not to pursue the EGM as per its requisition dated September 11, 2021. Invesco will continue to monitor the proposed merger’s progress. If the merger is not completed as currently proposed, Invesco retains the right to requisition a fresh EGM – positive read-thru
  • Zee Entertainment Enterprises

    22 Mar 2022 , 2:46PM Zee Entertainment: Bombay High Court's division bench allows Invesco's appeal in case against Zee Entertainment. However, the Bombay HC has given three weeks’ time to approach the Supreme Court if they want to challenge the order that is passed today – sentimentally negative though the court has directed for the status quo to be maintained for a period of three weeks.
  • Zee Entertainment Enterprises

    23 Feb 2022 , 10:53AM The company asks NCLT to dismiss IndusInd's insolvency plea. Earlier this month, IndusInd Bank had moved the dedicated bankruptcy court under the Corporate Insolvency Resolution Process, claiming a default of over Rs. 83.08 crore. The matter is related to Siti Networks. ZEEL was a party to the Debt Service Reserve Account (DSRA) guarantee agreement entered with IndusInd Bank for the term loan facility advanced to Siti Networks. ZEEL said the issue of its alleged default under the DSRA Guarantee Agreement was sub-judice before the Delhi High Court – Neutral read-thru
  • IndusInd Bank files case for default against Zee

    7 Feb 2022 , 12:57PM Bank files case over Rs. 89 crore default
  • Stock Update: ZEE Entertainment

    23 Dec 2021 , 10:38AM Stock Update: ZEE Entertainment: – Making the right move
  • Stock Update: ZEE Entertainment

    23 Dec 2021 , 10:27AM Stock Update: ZEE Entertainment: – Making the right move
  • Sony, Zee sign definitive agreements to merge

    22 Dec 2021 , 9:46AM Zee-Sony merger gets approval from board; Sony to hold 50.86% stake in the merged entity
  • ZEE Entertainment

    30 Nov 2021 , 10:58AM The Division Bench of the Bombay High Court will hear the matter between Zee Entertainment Enterprises and Invesco on November 30
  • ZEE Entertainment

    24 Nov 2021 , 9:39AM The merger of Zee Entertainment Enterprises (ZEE) and Sony Pictures Networks India (SPN) is on track and is in the final stages. ZEE and Sony will form the largest media entertainment player in the country. As Sony is going to infuse in the merged entity ($1.575 billion), it will give the opportunity to invest in premium content, including sports – positive read-thru
  • Zee Entertainment Enterprises

    17 Nov 2021 , 2:30PM The Mumbai bench of the National Company Law Tribunal (NCLT) recently adjourned a case filed by Invesco against ZEEL (for convening an extraordinary general meeting (EGM) of shareholders) to December 14. Last month, the Bombay High Court had granted an injunction against Invesco, the largest shareholder of ZEE, over the requisition notice for board reconstitution. The case will come up before the division bench on November 29.
  • Zee Entertainment Enterprises

    15 Nov 2021 , 3:20PM ZEEL said that RailTel Corporation of India has terminated the agreement with its subsidiary for providing media content in trains, and it has initiated legal proceedings against it. Margo Networks, a subsidiary of ZEEL, had entered into a content-on-demand (COD) contract with RailTel Corporation of India for providing media content in all express and suburban trains and all Wi-Fi-enabled railway stations – sentimentally negative
  • Stock Update: ZEE Entertainment

    12 Nov 2021 , 11:37AM Stock Update: ZEE Entertainment: Q2FY22 results review – Mixed Q2; show set to go on
  • Bombay HC division adjourns Invesco hearing

    1 Nov 2021 , 11:19AM Hearing posted to November 29
  • Bombay HC temporarily bars Invesco from calling ZEEL EGM

    26 Oct 2021 , 5:53PM Development sentimentally positive; proposed merger with Sony would also augur well if it materialises
  • ZEE Entertainment contests EGM call

    25 Oct 2021 , 2:33PM On October 21, Bombay HC had asked Zee to call an EGM as requisitioned by shareholders Invesco Developing Market Funds
  • Bombay HC asks ZEE Entertainment to convene AGM

    22 Oct 2021 , 11:35AM We believe the proposed merger with Sony remains crucial for the company’s growth, while operating metrics remain strong.
  • Zee Entertainment Enterprises

    14 Oct 2021 , 10:48AM Board filed response to Invesco's open letter to shareholders and clarified deal with Sony. Non-compete fee to ZEEL promoters in Sony deal is a secondary transfer and will not be dilutive to public shareholders. Invesco has cast unsubstantiated aspersions on company and board. Invesco's actions are motivated by concerns entirely extraneous to any corporate governance issue - note that the NCLT has given ZEEL time till October 22 to file its reply to a plea filed by Invesco. We believe it would be positive for ZEEL if proposed merger with Sony materialises
  • Zee Entertainment Enterprises

    13 Oct 2021 , 9:58AM ZEEL’s management disclosed to the company board that representatives of Invesco (the largest shareholder of the company) had approached the company in February with a proposed merger with a large Indian group. Punit Goenka said he had expressed his apprehension to Invesco that as the merging entities of the Indian group were over-valued, it would cause a loss to Zee shareholders. The proposed deal by Invesco representatives had valued public holding in ZEEL at Rs 21,130 crore. The company’s board also took note of an open letter issued by Invesco on October 11 and said it will respond to comments made in the letter.
  • Zee Entertainment

    8 Oct 2021 , 10:55AM The National Company Law Appellate Tribunal directed the NCLT to provide reasonable and sufficient opportunity to ZEEL to reply to Invesco's plea seeking convening an EGM of the company's shareholders. NCLAT said that NCLT made an error in not granting enough time to ZEEL for replying to Invesco’s petition seeking an EGM of the company. The NCLAT, however, has not specified the time ZEEL should be given. NCLT Mumbai is scheduled to resume hearing in the case on October 8, 2021.
  • ZEE Entertainment

    7 Oct 2021 , 2:26PM Subhash Chandra said that Invesco is trying to takeover ZEE in a clandestine manner. Further, ZEEL has moved to the National Company Law Appellate Tribunal (NCLAT) to seek more time to file its response in the National Company Law Tribunal (NCLT). ZEEL also asked NCLAT to stay proceedings at NCLT.
  • Zee Entertainment Enterprises

    5 Oct 2021 , 11:00AM Invesco urges NCLT to order ZEEL EGM. It was mandatory for ZEEL to honour the EGM requisition as Invesco has 18% shareholding in the company and as per law, a minimum of 10% shareholding is needed to request for convening an EGM. The matter has been adjourned for further hearing on October 5.
  • ZEE Entertainment

    4 Oct 2021 , 9:53AM ZEEL has filed a civil suit in the Bombay High Court against Invesco. The company has asked the court to declare that Invesco's demand for an extraordinary general meeting (EGM) to discuss board changes is illegal and invalid - stock would remain volatile because of the conflicts between Invesco and zee management. We wait to see how Invesco and other investors react to this development. We have Buy rating on the stock
  • Zee Ent Board terms requisition for an EGM

    1 Oct 2021 , 3:04PM Zee Ent Board will not convene the EGM as requisition by OFI and Invesco
  • ZEE Entertainment

    30 Sep 2021 , 10:31AM Invesco moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises Ltd for not announcing a date for an extraordinary general meeting (EGM) sought by the US fund to reconstitute the board and oust its MD & CEO Mr. Punit Goenka. The Mumbai Bench of the NCLT will likely hear the case on September 30 (today). As per rules, listed companies are supposed to announce a date for an EGM within three weeks of receiving such a request from an investor holding at least 10% shares and another 21 days to hold it. Therefore, ZEEL needs to announce an EGM date by October 2 at the latest. EGM has to be called within 45 days with a 21-day notice period
  • ZEE Entertainment

    27 Sep 2021 , 9:52AM Invesco reiterated its call for an extraordinary general meeting (EGM) to discuss the ouster of three directors and the inclusion of six independent board
  • Stock Update: ZEE Entertainment

    23 Sep 2021 , 10:25AM Stock Update: ZEE Entertainment – Right fit for growth
  • Zee Entertainment signs merger deal with Sony Pictures India

    22 Sep 2021 , 9:44AM Zee Entertainment rises by 15% to Rs. 293.95, post merger deal with Sony Pictures India
  • Stock Update: ZEE Entertainment

    16 Sep 2021 , 9:42AM Stock Update: ZEE Entertainment – Reshuffle on the cards
  • Zee Entertainment Enterprises

    15 Sep 2021 , 9:52AM The AGM did not discuss the notice sent by its largest shareholder, seeking an extraordinary general meeting (EGM) of shareholders to remove the current Managing Director (MD) and Chief Executive Officer, Punit Goenka. The EGM has to be called within three weeks of the notice sent by shareholders. Other highlights during AGM were – (1) Linear business is Zee’s best-performing business, (2) in investment mode in digital and film business, (3) The biggest impact of Covid-19 was seen on Zee Studios as cinemas were shut, (4) Zee TV and Zee Anmol lost market share and have plans in place to retrieve them, (5) Board is closely monitoring recovery of receivables from Siti Cables, (5) aims to enhance profitability under ZEE 4.0 and among others – the current shareholder activism events indicate a possible change in management and improvement in corporate governance, which is positive for stock. We have Buy rating on the stock.
  • ZEE Entertainment

    14 Sep 2021 , 9:33AM Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund, the largest shareholder of ZEEL) and OFI Global China Fund llC, holding ~18% stake in the company have called an extra-ordinary general meeting (EGM) of shareholders seeking to remove Punit Goenka (MD of the company), from the board and two independent directors. The funds sought appointment of six of its own nominees on the board of ZEEL. The promoters own only ~4% of the company. Manish Chokhani and Ashok Kurien have resigned from the position of non-executive non-independent directors of the company with immediate effect. Advisory Firm IIAS founded by Anil Singhvi advises institutional investors to vote against reappointment of Ashok Kurien and Manish Chokhani as Independent Directors on Board of Zee Ltd in upcoming AGM.
  • Zee Entertainment Enterprises Ltd

    4 Aug 2021 , 11:25AM Former chairman of Zee Entertainment Enterprises (ZEEL), Subhash Chandra, said just 8.8% of his overall debt remains to be settled, as 91% of the dues have already been paid. He, however, clarified that a dispute with one lender is pending before the court, and the resolution may take some time. They have come out of the financial stress situation by settling 91.2% of their total debt to 43 lenders in 110 accounts. The group has already exited/sold its infrastructure, financial services, print media and some other businesses – positive read-thru
  • Zee Entertainment Enterprises

    8 Jul 2021 , 9:18AM Zee Entertainment Enterprises:The company has received government approval to sell its Digital Publishing Business Division to Rapidcube Technologies
  • Zee Entertainment Enterprises

    21 Jun 2021 , 10:11AM As per media news, Viacom18 Media and Zee Entertainment Enterprises Ltd are in initial talks for a potential merger that could create a large media firm with interests spanning broadcast, OTT, live entertainment and movie production. The merger of Viacom18 and Zee is proposed to be done through a share swap deal. The talks started a few weeks ago, and the deal is unlikely to involve any cash transaction – positive read-thru
  • ZEE Entertainment

    11 Jun 2021 , 9:13AM ZEE Entertainment: As per media news, ZEE5 is all set to enter the United States market on 22 June. With this, the platform has set the stage for its rapid growth in a market that has over 5.4 million diaspora audiences with a deep cultural and language connection to its content. Viewers can access over 130,000 hours of exclusively curated Indian, Pakistani, and Bangladeshi entertainment content. ZEE5's Annual pack, priced at $84 will be available across all major devices at a limited launch offer price of $49.99 – positive read-thru
  • ZEE Entertainment

    28 May 2021 , 9:11AM ZEE Entertainment: As per market news, Dish TV is considering a Rs 1,000-crore rights issue. A board meeting on this is expected to be called soon. The company which has pledged their shares to pay off group debt, had looked at various methods to raise funds – positive read-thru for ZEEL as the fund flow to Dish TV could improve the receivables of ZEEL. Note that ZEEL’s higher trade receivables was on account of delayed payment from Dish TV. During Q4FY2021, ZEEL has collected more than Rs. 200 crore of old outstanding from Dish
  • ZEE Entertainment

    24 May 2021 , 9:10AM ZEE Entertainment: (1) ZEE5 announced that Friends: The Reunion will exclusively premiere on the platform. (2) As per media, ZEE5 bought both post-theatrical satellite and digital rights of Roudram Ranam Rudhiram (RRR) for the price of Rs. 325 Cr. It’s one of the biggest deals in the movie industry – positive read-thru as the company has aggressively started spending to acquire rights of content
  • ZEE Entertainment: Q4FY2021 results review

    21 May 2021 , 11:33AM ZEE Entertainment: Q4FY2021 results review: Show to go on despite near-term blips
  • Zee Entertainment Enterprises

    14 May 2021 , 9:37AM Radhe is the first mega Bollywood film to release on multiple mediums simultaneously. it is available on ZEE5’s pay per view platform ZeePlex. The company has paid Rs. 200 crore to acquire this movies for its streaming platform - positive read-thru as we believe the streaming platform would able to acquire new subscribers
  • ZEE Entertainment

    15 Mar 2021 , 1:58PM Zee Entertainment Enterprises has appointed former Big Synergy chief executive Rajiv Bakshi to the newly created role of chief operations officer - Revenue. In his new role, Bakshi will report to Rahul Johri, president – Business, South Asia at ZEE. Bakshi will contribute towards achieving the company’s revenue objectives by identifying and leveraging internal synergies across all linear and digital platforms. He will lead the sales strategy and operations function, with an intensive focus on driving efficiency and effectiveness across all revenue generation touch points. An alumnus of Harvard Business School, Bakshi comes with over 20 years of experience across business transformation, P&L and commercial operations, corporate strategy, brand management, product development, digital strategy and market expansions across varied industries. At Reliance Entertainment’s Big Synergy, Bakshi led the creative team, and built a multi-platform, multi-geography and multi-lingual success by partnering with OTT platforms and national and regional language TV networks.
  • ZEE Entertainment

    12 Mar 2021 , 9:36AM Zee5 is making significant investments in strengthening its content library and enhancing the user experience as the company aims to hit the 100 million user-milestone in the next 12 months. Zee Entertainment mentioned in Q3FY21 concall that ZEE5 had 65.9 million global monthly active users – positive read-thru
  • Zee Entertainment Enterprises

    8 Mar 2021 , 9:47AM Excitel partners Zee5 to attract customers by proving value added services. Excitel aims to add about 3 lakh new users this year and is undertaking a series of steps to gain customers, including partnering OTT players like Zee5, Eros Now and others. The company, which had about 5 lakh subscribers across 19 cities at the end of 2020, is also aggressively expanding FTTH (fibre to the home) deployment on its network – positive read-thru
  • Zee Entertainment Enterprises

    25 Sep 2020 , 11:36AM As per media news, ZEE5 strengths its position as India's 2nd largest OTT platform with advertising video-on-demand
  • Florida Retirement System buys stake in ZEEL

    23 Apr 2020 , 9:46AM ZEEL rises by 14% to Rs. 172, after Florida Retirement System buys 0.53% stake
  • Zee Entertainment Enterprises

    15 Apr 2020 , 10:56AM The company has stated that the overall cash outflow in respect of the Sugarbox acquisition will be Rs 300 crores for capex and the remaining Rs 222 crores will be for royalty and operating expenditure. The acquisition will help the company improve its digital initiatives under ZEE5 and has guided for and average revenue of Rs 10-12 per user per month which is expected to increase to Rs 12-15 per user per month. The company also stated that in the current environment (lockdown due to COVID-19), its free cashflow guidance is likely to change.
  • Zee Entertainment Enterprises

    13 Apr 2020 , 11:24AM The company has stated that it will invest a sum of Rs 522 crore in SugarBox over a period of time and will provide operational support including providing performance and corporate guarantees as appropriate and necessary. The company has also authorized SugarBox to finalize the terms of a 10-year contract with RailTel Corporation of India. The company had acquired 80% stake in SugarBox in 2017.
  • Zee Ent to investment Rs. 522 in Margo Networks

    13 Apr 2020 , 10:56AM Zee Ent falls by 14%, after co announces an investment of Rs 522 cr in Margo Networks
  • Zee Entertainment Enterprises

    23 Mar 2020 , 11:45AM The company stated that two of its independent directors Aparajita Jain and Surinder Singh have resign as independent directors, with effect from March 20
  • Zee Entertainment Enterprises

    5 Feb 2020 , 1:33PM According to media reports the Ministry of Corporate affairs has ordered inspection of the financials of the company on allegations of corporate governance lapses –Negative
  • Zee Entertainment Enterprises

    22 Jan 2020 , 11:15AM ZEE entertainments Q3FY20 results update: Weak quarter (NOT RATED)
  • Zee Entertainment Enterprises

    28 Nov 2019 , 11:53AM Three directors of the company have resigned, of which two of them citing related party loans, film advances, CSR spends, outstanding by group companies among others – sentimentally negative, however, these negative reasons highlighted by the independent directors for their resignations have already discussed/highlighted by ZEEL’s management in annual report and earnings con-call. We believe the seriousness of these issues (mostly BS concerns, corporate governance, etc) would be sentimentally negative for the stock
  • Zee Entertainment Enterprises Ltd

    26 Nov 2019 , 10:52AM Subhash Chandra has resigned as chairman of Zee Entertainment Enterprises. Meanwhile, the Singapore government and Monetary Authority of Singapore have increased their total holding in ZEEL to 8.44% by acquiring shares through secondary market placement – neutral read-thru, as the company informed that this resignation was due to fulfil the requirements of SEBI Listing Regulations, which mandated that the chairperson of the board shall not be related to the MD or the CEO of the company. Note that promoters’ stake has reduced to 5% now from 41% a year back following selling of stake to financial investors to repay promoter level debt.
  • Zee Entertainment Enterprises

    21 Nov 2019 , 10:19AM ZEE Entertainment (ZEEL): Announced that Essel group is planning to sell ~16.5% stake in ZEEL to financial investors in order to repay lenders with whom the shares have been pledged; Out of the above, 2.3% will be sold to OFI Global China Fund, a subsidiary of Oppenheimer Funds Inc. Post this sale, promoters would own ~5% in ZEEL and encumbered holdings would reduce to 1.1%. The stake will be sold at an indicative price of Rs 277 per share;
  • Zee Entertainment up on promoter stake sale

    21 Nov 2019 , 10:17AM Essel Group to sell 16.5% stake in Zee Entertainment Enterprises
  • Zee Entertainment Enterprises Ltd

    19 Nov 2019 , 12:10PM Brickwork Ratings considering the deteriorating financial flexibility of the promoter group have downgraded the company’s 6% cumulative redeemable non convertible preference shares aggregating to Rs 1210.16 crore to AA+ from the earlier AAA rating – We do not have a rating on the stock currently.
  • Zee Entertainment falls after Brickwork downgrades ratings

    19 Nov 2019 , 10:30AM Zee Entertainment slips by 3% to Rs. 286, after Brickwork downgrades Zee Entertainment's preference shares
  • Zee Entertainment

    13 Nov 2019 , 10:40AM As per media news, Essel Group to soon launch sale of Zee Entertainment shares pledged with lenders; the pledged shares of Zee Entertainment will be sold to institutional investors via block trades; Essel Group may, however, retain a 5% stake in the company to retain its promoter status and keep management control; Essel has reportedly hired JP Morgan and Citi to build the book for the sale of pledged shares – positive read-thru
  • Zee Entertainment Enterprises

    4 Nov 2019 , 11:27AM As per media news, VTB decides to sell pledged shares of Zee Entertainment to recover loan dues; VTB has roped in two global advisors, JP Morgan and Citi, for the planned share sale – negative read-thru, as the management has been communicating so far that there is no risk of a VTB sale
  • Zee Entertainment Enterprises Ltd

    18 Oct 2019 , 1:26PM Zee Entertainment Enterprises Limited: Q2FY20 Result Update – Fresh Balance sheet concerns loom
  • ZEEL drops as Morgan Stanley cuts target price by 33%

    4 Oct 2019 , 12:16PM Morgan Stanley cut ZEEL's target price for the stock by 33% to Rs. 248
  • Essel group gets extension to repay Zee's debt

    25 Sep 2019 , 12:05PM Zee Entertainment: As per media news, HDFC AMC, Franklin Templeton and Birla Sun Life Mutual Fund are likely to give more time to the promoters of Essel Group to repay outstanding loans – sentimentally positive, as it will provide a breather to ZEEL’s promoter. However, we believe the stock would remain volatile till the full repayment of group level debt owing to ongoing uncertainty over repayment (previously few of the lenders have sold of the pledged shares in the open market to recover their dues)
  • Essel lenders sell ZEEL pledged promoter shares

    24 Sep 2019 , 12:13PM ZEEL rises by 5% to Rs. 284.75, as lenders to the Essel group sells pledged shares of ZEEL
  • Essel lenders sell Zee's pledged promoter share

    24 Sep 2019 , 10:56AM ZEE Entertainment: Lenders to the Essel group sold pledged promoters’ shares of ZEEL for over Rs.200 crore; As per media news, SBI Funds Management sold shares worth Rs 200 crore; Essel Group also confirms that lenders who had not agreed to grant extension, have exited by selling the pledged shares of ZEEL – negative read-thru, as it is estimated that the outstanding debt now is worth Rs 2,300 crore with the Mutual Funds; some MFs/NBFCs may start offloading pledged ZEEL’s shares ahead of payment deadline, if these funds reject the promoter’s plea for an extension of the repayment deadline (stock already down in trade yesterday) Container Corporation of India: As per media reports, the government plans to sell stake in Container Corporation of India before the end of FY2020 and ask to bring bids from global private players. In related media news, the government may plan to offload 25% stake in Concor in which it currently holds 54%. Positive read thru for the stock
  • Zee Entertainment hits 52-week low

    20 Sep 2019 , 11:11AM Zee Entertainment plunges by 12%, on reports that the promoter has been restricted from selling stake in the media company
  • Zee Entertainment promoters repay one-third of loans

    9 Sep 2019 , 11:35AM Overhang to stay until promoters repay debts fully by the deadline of September 30, 2019.
  • Essel set to repay MFs Rs. 2600 crore this week

    20 Aug 2019 , 11:33AM ZEE Entertainment: According to media reports Essel group is set to repay about Rs. 2600 crore to Mutual Funds this week out of Rs 4,200 crore it raised by selling 11% in Zee Entertainment to global fund Invesco Oppenheimer. As per Essel promoters’ pact with MFs, the deadline to repay debt to MFs remains till September 30, 2019. The move is expected to remove the overhang on the stock in some extent – sentimentally positive read through
  • Invesco Oppenheimer Developing Market Fund agrees to buy upto 11% stake in ZEEL

    1 Aug 2019 , 11:47AM ZEE Entertainment (ZEEL): Deal provides some relief to Essel Groups liquidity concerns but overhang on the stock remains
  • ZEE Entertainment: Stock update

    24 Jul 2019 , 12:18PM ZEE Entertainment: Stock update: Q1FY20 results review – Good quarter, all eyes on deal closure
  • Brickwork Ratings has reduce the credit rating

    10 Jun 2019 , 9:17AM Zee Entertainment Enterprises: Brickwork Ratings has reduced the credit rating of non-convertible preference shares issued as bonus to its equity shareholders in 2014 at BWR AAA, with credit watch turning from developing implications to negative implications –Negative
  • Essel promoter group expect to sell 2 power assets of Essel infra to Edelweiss arm

    6 Jun 2019 , 10:50AM Zee Entertainment: As per media news, Essel promoter group is expected to sell 2 power assets of Essel infra to Edelweiss arm. The said deal also gives Edelweiss the right to buy other two Essel infra assets. This sale is one of the many that the Essel group is looking to make to meet debt obligations. Essel Group is looking to sell other non-core business including Essel Finance and MF – sentimentally positive for Zee Entertainment, however concluding of stake sale in Zee Entertainment is keenly watched for as the overhang remains.
  • Catalyst Trusteeship sells 86 lakh shares of ZEEL

    9 May 2019 , 10:34AM ZEE Entertainment: Catalyst Trusteeship sold around 86 lakh ZEEL promoters pledged equity shares in the open market, while Reliance Mutual Fund recovered over Rs 400 crore of its debt exposure by liquidating the ZEEL promoters’ pledged shares held as collateral. However, Punit Goenka (MD & CEO of ZEEL) mentioned on media that there has been no sale of pledged shares as of yesterday (May 8, 2019) – negative read-thru, though as per media news Reliance MF had decided to stay away from the ‘standstill’ agreement with Essel group promoters
  • Zee stake sale at advanced stage, progressing steadily: Essel Group

    8 May 2019 , 12:42PM ZEE Entertainment: As per media report, Essel Group said Zee Entertainment stake sale at advanced stage; in last November, the promoters had announced their intention to sell up to 50% of their equity stake in the company to a strategic partner – sentimentally negative read-thru owing to the delay in the announcement of stake sale, as the management earlier indicated the closure of deal would happen by March/April 2019; we believe the stock would remain volatile till the clarity emerges on the deal structure, though the management has got consent from lenders to service debt, including time till September 2019 to repay loans
  • ZEEL shortlist Comcast-Atairos and Sony for stake sale

    19 Feb 2019 , 10:45AM ZEE Entertainment: As per media report, ZEEL shortlisted Comcast-Atairos and Sony for stake sale - Potentially positive, as the proceedings from the stake sale would help the company to repay the lenders on promoters’ pledged shares
  • ZEEL management concall updates

    4 Feb 2019 , 2:07PM ZEEL management concall updates: Promoters tries further to allay investors’ concern, but overhang stays
  • ZEE would prefer a global company as strategic investor

    22 Nov 2018 , 11:08AM ZEE would prefer a global company as strategic investor who is not yet present in India – positive read-thru
  • ZEE promoters plan to sell 50% stake

    14 Nov 2018 , 11:28AM ZEEL’s promoters plan to sell 50% stake in the company to a strategic partner; the details of deal/stake sale are yet to be disclosed by the company - we believe that ZEEL has the ability in creating contents at scale for its digital platform (ZEE5), while it lacks in other attributes (technology and capital) in large extent to get success in the OTT space. In our view, it requires a strong tech-partner to strengthen its capabilities to compete with global players (Amazon prime, Netflix, etc). We shall keep close watch on the possible deal/structure and update you post the conference call today. We have Buy rating on the stock.
  • ZEEL promoters to sell 50% stake to strategic partner

    14 Nov 2018 , 11:20AM Zee Entertainment (ZEEL) promoters plan to sell 50% stake in the company to a strategic partner
  • ZEE Entertainment: Stock update

    10 Sep 2018 , 2:01PM ZEE Entertainment: stock update: Transitions hiccups, long-term levers remain intact
  • ZEEL: Q1FY19 Result update

    18 Jul 2018 , 12:42PM Zee Entertainment Enterprises Limited (ZEEL): Q1FY19 Result update - Broadly in-line quarter, maintain Buy
  • Zee Entertainment reports good operating performance

    11 May 2018 , 3:18PM We maintain our Buy rating on the stock with an unchanged price target (PT) of Rs. 680.
  • OTT remains the next pillar of growth for Zee

    6 Apr 2018 , 11:18AM We continue to maintain our Buy rating with a price target of Rs. 680.
  • ZEEL calls off deal to buy 9X Media and INX Music

    19 Mar 2018 , 9:14AM Positive for ZEEL, as this transaction would be marginally EPS dilutive for ZEEL in 2019.
  • Zee Entertainment will make partial redemption of listed bonus shares

    7 Mar 2018 , 10:41AM Stock to remain in focus as Zee Entertainment will make partial redemption (20%) of listed bonus preference shares.
  • ZEEL launches new digital entertainment platform ZEE5

    15 Feb 2018 , 10:23AM Positive read through for Zee Entertainment as this OTT version is the replacement of its existing AVOD and SVOD-based platforms (OZEE and Ditto TV).
  • Strong quarter for Zee entertainment

    17 Jan 2018 , 4:18PM Ads revenues rebound impressively for Zee entertainment
  • Zee Entertainment Enterprises Ltd (ZEEL): Q2FY2018 result update

    25 Oct 2017 , 10:17AM Zee Entertainment Enterprises Ltd (ZEEL) overall revenue declined by 6.7% y-o-y to Rs. 1,582.1 crore (a tad below our expectations), as advertisement revenue growth was slower than expected at 2.1% and subscription revenue (declined by 14% y-o-y). While domestic ad revenue rose 10.1% y-o-y to Rs. 934.6 crore despite the GST roll-out, international ad revenues declined 34.2% y-o-y to Rs. 52.1 crore owing to currency appreciation and ongoing region-specific issues.
  • ZEE entertainments Q2FY18 results update

    24 Oct 2017 , 1:11PM Positive margins surprise, reported net income jumps led by one off gains.
  • ZEE Entertainment: Stock update

    10 Oct 2017 , 8:38AM ZEEL Strengthens presence in music genres though 9X Media acquisition. Read details below:
  • ZEEL acquires 100% stake in 9X Media, INX Music

    9 Oct 2017 , 8:38AM Zee Entertainments acquires 100% stake in 9X Media, INX Music for Rs 160 cr. This acquisition will help ZEEL to strengthen its music portfolio in niche genres and expanding its reach in regional markets – positive
  • ZEEL ventures into global production with Canada studio

    22 Sep 2017 , 10:48AM Zee Entertainment forays into global production with a studio in Canada.
  • ZEE to launch premium HD English movie channel

    12 Sep 2017 , 9:58AM Zee Entertainment (ZEEL) is expanding its brand '&' to English movie channel, with the launch of its premium offering '& Prive HD' – positive read-thru.

Key fundamentals

Evaluate the intrinsic value of Zee Entertainment Enterprises Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 10011.8 9717.2 9850.8 8760.6 7961.4
Liabilities 10011.8 9717.2 9850.8 8760.6 7961.4
Equity 96.1 96.1 96.1 96.1 96
Gross Profit 923.8 1005.9 1945.8 1664.9 1583.2
Net Profit 301.5 163.9 1338.9 1121 751.8
Cash From Operating Activities 675.1 177.8 285.9 1101.6 307.1
NPM(%) 3.73 2.2 17.82 16.81 10.3
Revenue 8075 7421.9 7511.1 6665.4 7293.5
Expenses 7151.2 6416 5565.3 5000.5 5710.3
ROE(%) 2.67 1.45 11.89 9.95 6.67

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
08 Nov 2024 1 100 1 134.95
15 Sep 2022 3 300 1 229.8
02 Sep 2021 2.5 250 1 191.6
23 Feb 2021 0 0 1 211.7
10 Sep 2020 0.3 30 1 145.4
30 Mar 2020 0 0 1 166.35
27 Feb 2020 0 0 1 249.1
15 Jul 2019 3.5 350 1 361
0 0 1 470.9
0 0 1 431.35
09 Jul 2018 2.9 290 1 588.4
05 Jul 2017 2.5 250 1 526.4
21 Jul 2016 2.25 225 1 417.6
09 Jul 2015 2.25 225 1 317.3
10 Jul 2014 2 200 1 293.6
11 Jul 2013 2 200 1 241.35
05 Jul 2012 1.5 150 1 123.6
28 Jul 2011 2 200 1 135.5
07 Oct 2010 2 200 1 306.5
29 Apr 2010 2 200 1 304.6
06 Aug 2009 2 200 1 183.6
17 Jul 2008 2 200 1 234.25
08 Aug 2007 1.5 150 1 291.15
18 Dec 2006 1 100 1 359.4
20 Sep 2005 1 100 1 171.2
20 Sep 2004 1 100 1 143.35
0.55 55 1 114.15
21 Oct 2002 0 55 1 89.15
03 Sep 2001 0 55 1 130.25
31 Aug 2000 0 55 1 398.45
0 55 1 2685.05
0 55 1 429.9
0 45 1 127.6

Peers

Other companies within the same industry or sector that are comparable to Zee Entertainment Enterprises Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Visagar Polytex Ltd 0.82 -3.53 0.00 2932.86 -53.07 0.00
India Motor Parts and Accessories Ltd 915.95 -0.82 14.57 125.05 592.31 2.95
Madhya Pradesh Today Media Ltd 29.10 0.00 4.99 45.77 55.30 0.00
Hathway Cable and Datacom Ltd 13.20 -1.35 25.38 17736.40 28.05 0.00

Company Info

1982 - The Company was incorporated on 25th November, and it obtained the Certificate of Commencement of Business on 5th January 1983 as Empire Holdings Ltd. in the state of Maharashtra. It was promoted by the Essel group of companies, comprising Sanjay Badgamia, Vasant Parekh and Ashok Kothari. The main object of the company the business of entertainment software. 1992 - It entered into the business of entertainment software and subsequently the name was changed to ZEE Telefilms Ltd. The Company co-promoted Essel Packaging Ltd. the partnership company of the Essel group in 1982. - The Company produces/develops Hindi films, serials, game shows, children programmes etc. The Company would also commission serials, game shows etc., through directors/producers on contract basis, purchase rights of Hindi films, serials and other programmes from the producers for a predetermined period. - 70 No. of Equity shares subscribed for by signatories to the Memorandum of Association. 2,47,930 No. of equity shares of Rs 10 each were then issued at par of which 97,930 shares reserved for allotment to directors, their relatives etc. Balance 1,50,000 shares issued to public on 25th February 1986. 4,96,000 shares offered in rights basis in proportion 2:1. 1993 - ASSPL became a wholly owned subsidiary of the Company. During the year, the Company entered into an agreement with the Mauritus Broadcasting Corporation for supply of programme software to ZEE TV. - During August, the Company issued 89,28,000 rights equity shares of Rs 10 each at a premium of Rs 20 per share in proportion 12:1. Another 90,00,000 shares were offered at a premium of Rs 20 per share through a prospectus as follows: 9,00,000 shares and 27,00,000 shares reserved for allotment to FIIs and NRIs (repatriation basis) respectively. Only 21,90,300 shares taken up by NRIs. Of the balance 10,000 shares reserved for allotment on preferential basis to employees (only 4,100 shares taken up). Remaining 45,90,000 shares along with 5,15,600 shares not taken up were issued to the public (of these 4,98,000 shares taken up by FIIs and 17,600 shares by public). 1994 - The Company promoted Siti Cable Venture for provision of integrated cable network facility to individual cable operators on a city by city basis and function as a city TV station. - The Company also proposed to develop Pay TV industry and with this in view is jointly promoting Zee Cinema, the first Hindi movie Pay TV Channel along with the News Corp Group. 1995 - The Company alongwith Newscorp promoted another company viz. Programme Asia Trading Company Private Ltd. (PATCO) for programme supplies to EL TV and Zee Cinema Channel. - Asia Today Ltd. and Zee Telefilms Ltd. entered into a sale and purchase agreement for production, procurement and provision of Hindustani entertainment software from India and export the same to Hongkong for transmitting such software on ZEE TV Channel. - As per the agreement entered into between ASSPL & ATL the former has been approached as a sole canvassing agent for booking and selling advertisement slots or time slots throughtout India directly or through advertising agencies for relaying on the Zee TV. - 4,00,000 Redeemable Cumulative Non-Convertible Pref. share issued during the year. 1996 - Pref. shares redeemed during the year. 1997 - 3,00,000 pref. shares issued. - Walt Disney animation films will be telecast every day for two hours on Zee TV from February 1 following an agreement reached between Buena Vista Television India and Zee. - In order to bring the first of its kind `Zee Cine Awards' to millions of TV viewers across the globe, the Zee Network has tied up with the 150-year old world audit major, Price Waterhouse (which incidentally is the auditing firm for the Oscar awards also) and the market research firm Gallup MBA. 1998 - A Letter of intent was signed on 14.04.98 between Zee Network and EchoStar Communications Corp, to launch Zee's Hindi family entertainment channel on EchoStar's direct-to-home (DTH) satellite services for television audiences in the US. - The Zee Network, which runs the Zee family of channels, is foraying into the print media with the launch of a film magazine christened Cine Zee. The magazine will be launched in August. - Zee has also signed an agreement with Deutsche Telecom for beaming in Germany. It is also negotiating with leading cable companies in Sweden. - Subhash Chandra-promoted Zee Telefilms (ZTL) and the holding company for the Zee Network, Asia Today Ltd (ATL) may be merged. - Equity shares and convertible debentures of Zee Telefilms Limited can now be purchased up to 30 per cent of its total paid-up equity capital subject to certain conditions. - Apart from the three Star India channels - Star News, Star Plus and Star Movies - Asia Today Ltd (ATL), the 50:50 joint venture between Chandra and Murdoch; Siticable, the 50:50 joint venture between Zee Telefilms and murdoch; and Chandra's Zee Multimedia, which owns the UK, US, African and European Zee channels, will be merged with Zee Telefilms. - Zee TV and Tata Tea Ltd have won the 1997-98 Ficci awards for creativity in visual media and training and placement disabled persons respectively. - Siti Cable and Zee Telefilms Ltd (ZTL) have merged their operations. Siti Cable is a 50:50 joint venture between Subhash `Zee TV' Chandra's Essel group and Rupert Murdoch who controls Star TV. - Zee Telefilms will launch its cable Internet services in 4-6 months through its sister concern SitiCable. The company will provide unlimited Internet access (24 hours) over cable and will not charge its customers for Net-surfing. 1999 - As part of its expansion plans, ZTL will increase its authorised capital from Rs 50 to Rs 75 crore. - Zee Telefilms Ltd (ZTL) shareholders approved an increase in the company's authorized share capital from Rs 50 crore to Rs 75 crore to safeguard itself from any fund shortfall required for the ambitious projects envisaged in the face of technological convergence. - Subhash Chandra-promoted Zee Telefilms Ltd (ZTL) has tied up with French major Canal Plus for its proposed digital TV service, a precursor to a KU-band direct-to-home (DTH) service. - ZEE TV will launch three new channels in Europe and start broadcasts in eight regional languages in India during an action-packed six months expansion programme. - Zee Telefilms Limited (ZTL) will soon launch three English language channels, including a news channel called the Asian News Network, thus taking head-on its partner-turned-competitor Star TV. - Zee TV upto 1999 has been operating four channels, three of which were being played out of STAR TV facility in Hong Kong on lease basis. With the growth of the network into eleven channels, the launch of the DTO bouquet and the Alpha channels including the English channels, a decision was taken to install a fully owned facility in Singapore which can play-out ten channels. This facility was set up in a record time of three months and has been fully operational since middle of March 2000. - In September 1999, ZTL acquired Zee Multimedia Worldwide Limited (ZMWL). Following this acquisition, all the international operations including the broadcasting business of ZMWL came under ZTL's control. ZTL acquired NewsCorp's 50% stake in Asia Today Limited (ATL), Siticable, and Programme Asia Trading Company Ltd. and now owns 100% of these businesses. The consideration paid for the acquisition was USD 296.51 million 2000 - Zeenext.com, the Internet portal site of the company subsidiary EConnect India Ltd, and mobile Internet firm Unimobile.com that they had tied up to offer zeenext portal contents to wireless communication devices. - Zee Telefilms has emerged as the new market mover on Dalal Street. - Zee Telefilms signed an MoU with Asianet Communication Ltd. for consolidating Zee's entry into the South Indian regional channels. - Zee Telefilms will set up 500 Internet kiosks, named eZee centres, across the country as part of its e-commerce initiatives, senior company. - Zee Telefilms has been awarded the prestigious "Ground Breaker" award as the top national programmer by the US-based trade publication, Multichannel News International. - Media and entertainment major Zee Telefilms has acquired 26 per cent stake in Aplab Ltd, an electronic equipment market. - Zee Telefilms will launch "Basic Education Support Television" in April 2001 - a project aimed at educating the rural India through the television medium. - Zee Telefilms Ltd's American Depository Receipts/American Depository Shares issue worth $1.5 billion. - Zee Telefilms Ltd aims at a 1:1 debt-equity ratio for its Rs. 2,400 crore outlay to set up a fibre-optic and coaxial network across 26 cities in the country. - The Company and TransWorld International have joined their bids for the telecast rights for the cricket World Cup tournaments for 2003 and 2007. - Zee Telefilms subsidiary Zee Publishing has been hived off as a separate company. - Zee Telefilms Ltd will be launching its sports channel, tentatively christened, zee Sports, on 1st October. - Zee Telefilms Ltd. will float a new joint venture company with the Hollywood studio, Metro Gold-wyn Mayer Inc (MGM) to operate a co-branded movie channel exclusively for the South Asian market. - The promoter of the company Mr. Subhash Chandra will launch Zed TV, a education channel on October 12. - Indian media firm Zee Telefilms it has signed a joint venture agreement with an infotech firm to provide direct-to-home broadcast services. - Zee Interactive Learning Systems, a 100 per cent subsidiary of Zee Telefilms, has tied up with three public sectors undertakings and four state governments in the country to provide Web-based training initiatives. - The Company has apppointed three whole-time directors viz. Mr. R.K. Singh, Mr. Deepak Shourie and Mr. Dev Naganad. - The Company has entered into a joint venture tie-up with Sterling Infotech to establish a direct-to-home television services. - Zee Telefilms, proposes to set up a niche alternative lifestyle channel targeted at the non-resident Indian Population, has decided to brand the channel as Chakra. - The Indian Music Industry has joined hands with Zee Telefilms to present year 2000's IMI-Zee Sangeet Awards. - Zee Interactive Multimedia Ltd., a subsidiary of Zee Telefilms, is expanding its operations to 26 cities in the next 12 to 18 months. - Buddha Films, the company that has been working as the Zee group's platform for acquiring sports properties has been de-merged from Zee Telefilms (ZTL) and spun off as a separate, stand-along company. - Former director operations of Videsh Sanchar Nigam Amitabh Kumar has joined Zee Telefilms as vice-president distribution and access infrastructure. - Media baron Subhash Chandra has sold 50 lakh shares in Zee Telefilms (ZTL) to a US-based institutional investor. - The four regional channels that form the Alpha bouquet were launched on the following dates :Alpha Marathi : 15th August, 1999Alpha Bangla : 15th September, 1999Alpha Punjabi : 18th October 1999Alpha Gujarati : 21st March, 2000 2001 - In May, 2001, Zee Telefilms has decided to induct a strategic partner, preferably an international media major to strengthen its financial and technical strengths to achieve high growth in the field of convergence. ZTL has converted its flagship Zee TV into a pay channel with effect from 10 June 2001. 2002 - Zee Telefilms has come out with Open offer to acquire 23,39,900 fully paid-up equity shares of Rs 10/- each of ETC Networks. It represens 20% of the voting equity share capital at a price of Rs 31.52/- per fully paid up equity share. The issue opens on 3rd Apr. 2002 and closes on 3rd May 2002. -Zee Telefilms Ltd has informed that Zee TV Partners Cartoon Network, Snap Ties with Nickelodeon. -Zee Telefilms took a controlling stake in ETC Networks in June 2002, following a memorandum of understanding (MoU) signed between the two companies in February this year. As per the MoU, Zee was to acquire 57 per cent in ETC in two stages for Rs 25 crore. 2003 - Zee News is attempting to give a full perspective of the stories by following them to the core. In this regard, it has launched a new programme, known as Zee Follow Up. The new programme will pick up the loose string of hundreds of stories that once made headlines but somewhere down the line lost their steam. Zee News is attempting to retrace history by keeping the viewers abreast of what had occurred since, the report said. -Decides to persist with its plan of showing Thursday Bollywood blockbusters -Hits upon a new income stream to boost revenues by permitting other international news channels to beam its exclusive footage and programmes for a fee -Delgrada, an overseas corporate body owned by the promoters of ZEE Telefilm, pledges an additional 3.1 crore shares or 7.6% of the equity capital of Zee Telefilms held by it in favour of Credit Suisse First Boston, Singapore -Mumbai High Court stays Zee TV's daily and Sunday lottery draws -Share price slumps to four-year low of Rs 60.15 on 01/04/2003 -Zee News starts new programme 'Zee Follow up' through which it is attempting to retrace history by keeping the viewers abreast of what had occurred since -Zee, Turner International expand partnership with 3 new channels wherein Turner will be the advertising sales agent for Zee's English entertainment and lifestyle channels, Zee English, Zee MGM and the recently unveiled Trendz channel -Announces its la carte price list for bundling channels -Govt cancels Zee Telefilms plea for bundling its channels -Promoters' stake in Zee comes down to below 51-pc, stands at 50.5% -Zee News launches a new logo and a new advertising campaign with the baseline 'Haqeeqat Jaisi, Khabar Waisi' -Foreign shareholdings in Zee Telefilms surge to 58% -Promoters of Zee offload 3% shares to FIIs -Zee becomes first to get Ietter of intent for DTH operation in India -Delhi High Court permits Zee TV to telecast 'The Inside Story' -Zee News, Mid Day Multimedia in pact for daily news capsule -Zee, Star landup in a fray over Siticable's HITS project -HLL's advertisements reappear on Zee TV after nearly a gap of one year - Board approved the proposal to commence broadcasting of Zee TV and Zee Cinema channels from India. The company has already obtained permission of ministry of Information & Broadcasting for the same. -Out come of AGM: Delisting of equity shares from Ahmedabad & Delhi Stock Exchange Appointment of S P Talwar as an Independent Director -High Court restrains overseas firms from using Zee in domain names -Zee Tele forges alliance with Rajashri Pictures -Board approves Corporate Restructuring of Indian and Foreign Subsidiaries 2004 -Zee announces launch of new religious channel 'Jagran' - Churu Trading Co. Pvt. Ltd, has purchased 3415518 equity shares of the Company from Livewire Programme Trading Co. Pvt. Ltd. -Zee Telefilms announced the launch of a separate encrypted beam for Singapore -BT Broadcast, ASCEL join hands to offer teleport services to Zee 2005 -Zee Telefilms Ltd launches separate sports channel -Zee Tele teams up with IBM Global -Zee Network in alliance with PanGlobal TV -Zee join hands with Malaysia's Astro to launch Hindi channel - Zee TV has announced the launch of an interactive game show Kam Ya Zyaada. 2006 -Zee Telefilms acquires 50% stake in Ten Sports -Zee Network launches new channel in Indonesia -Zee to acquire 60 pc stake in Venus Films 2007 -Zee Telefilms Ltd has informed that consequent to all approvals having been received the name of the Company, effective from January 10, 2007, has changed to Zee Entertainment Enterprises Ltd. -Zee Entertainment Enterprises Ltd has informed that the Board of Directors, vide a resolution passed by circulation on December 29, 2007, has approved the appointment of Mr. R Vaidyanathan, Professor of Finance and Control at the Indian Institute of Management, Bangalore, as an Additional Director in the category of Independent Director on the Board of the Company with effect from January 01, 2008. - Company name has been changed from Zee Telefilms Ltd to Zee Entertainment Enterprises Ltd. 2008 - Zee unleashes new channel in South India 2009 -Acquisition of Regional Entertainment Channels from Zee News Ltd -Merger of ETC Networks Ltd with the Company and subsequent Demerger of education business into Zee Learn 2010 - Members approves Scheme of Arrangement - Board declares Special Interim Dividend of 200% - Approved the Scheme of Arrangement between the Company, 9X Media Pvt. Ltd. (formerly known as INX Media Pvt. Ltd.) and their respective Shareholder -Zee Entertainment Enterprises has given the Bonus in the Ratio of 1:1 2012 - Company introduces new Bangla movie channel 2013 -"The board approved a scheme of arrangement between the company and Diligent Media Corporation (DMCL) for demerger of media business undertaking from DMCL and vesting into the company 2014 -Zee Entertainment En - RBI approval for FII Investment upto 100% in the Company -The Company has recommended payment of Dividend of Rs. 2.00/- per equity share of Re. 1 each 2015 -Zee Entertainment Enterprises Ltd (ZEEL) has launched its entertainment channel Zee Hiburan in Indonesia -Zee Entertainment Enterprises Ltd - Registered Office of the Company has been shifted from Worli, Mumbai 400 018 to Lower Parel, Mumbai 400 013 -Zee Entertainment Enterprises has entered into food and lifestyle segment category by introducing its new entertainment channel Living Foodz 2016 -ZEE gets board nod for acquisition of Fly By WireInternational Pvt Ltd (FBW). -ZEEL enters Philippines with Bollywood movie channel -Zee may buy Reliance Broadcast for Rs 2,000 crores -Zee acquires 2 TV channels of Reliance Group -Zee Launches Zee Marathi HD, Zee Bangla HD and Zee Talkies HD -Zee Launches Zee Cinemalu -its Telugu movie channel 2017 - Zee Entertainment Acquisition of 100% Equity Stake in Fly-By-Wire International Private Limited - Zee Entertainment Acquisition of 100% Equity Stake in 9X Media Private Limited and its subsidiaries and acquisition of balance 26% Equity stake in Zee Turner Limited - Zee Entertainment Enterprises (ZEEL) acquire 80 per cent stake in technology startup Margo Networks for Rs 75 crore. - Zee Entertainment Enterprises Ltd (ZEEL) is acquiring the balance 49 per cent equity stake in its subsidiary India Webportal Pvt Ltd for USD 30.7 million. 2018 -ZEE Entertainment acquires US patent for a new digital technology. -ZEE launches online platform for small retail advertisers. 2019 -ZEE Entertainment is amongst 'India's Best Companies to Work For - 2019'. -Zee Entertainment launches the Media & Entertainment Industry's largest Learning & Development program for front line managers. - ZEE expanding regional footprint further with the launch of 4 new regional channels. 2020 -Zee5 partners Eduauraa to offer educational content. -ZEE wins 'Best Treasury Transformation' award. 2021 -ZEE bags top honours at the Businessworld HR Excellence Awards 2021. 2022 -ZEE Entertainment and Disney Star sign strategic licensing agreement for exclusive TV rights of ICC men's events. -ZEE signs Global Media Rights Contract with UAE's T20 League. 2023 -The Company got approval of Competition the amalgamation of Zee Entertainment Enterprises Limited and Bangla Entertainment Private Limited with Culver Max Entertainment Private Limited. 2024 -ZEE's MD & CEO inaugurates Breach Candy Hospital's state-of-the-art Kidney Centre.

1982 - The Company was incorporated on 25th November, and it obtained the Certificate of Commencement of Business on 5th January 1983 as Empire Holdings Ltd. in the state of Maharashtra. It was promoted by the Essel group of companies, comprising Sanjay Badgamia, Vasant Parekh and Ashok Kothari. The main object of the company the business of entertainment software. 1992 - It entered into the business of entertainment software and subsequently the name was changed to ZEE Telefilms Ltd. The Company co-promoted Essel Packaging Ltd. the partnership company of the Essel group in 1982. - The Company produces/develops Hindi films, serials, game shows, children programmes etc. The Company would also commission serials, game shows etc., through directors/producers on contract basis, purchase rights of Hindi films, serials and other programmes from the producers for a predetermined period. - 70 No. of Equity shares subscribed for by signatories to the Memorandum of Association. 2,47,930 No. of equity shares of Rs 10 each were then issued at par of which 97,930 shares reserved for allotment to directors, their relatives etc. Balance 1,50,000 shares issued to public on 25th February 1986. 4,96,000 shares offered in rights basis in proportion 2:1. 1993 - ASSPL became a wholly owned subsidiary of the Company. During the year, the Company entered into an agreement with the Mauritus Broadcasting Corporation for supply of programme software to ZEE TV. - During August, the Company issued 89,28,000 rights equity shares of Rs 10 each at a premium of Rs 20 per share in proportion 12:1. Another 90,00,000 shares were offered at a premium of Rs 20 per share through a prospectus as follows: 9,00,000 shares and 27,00,000 shares reserved for allotment to FIIs and NRIs (repatriation basis) respectively. Only 21,90,300 shares taken up by NRIs. Of the balance 10,000 shares reserved for allotment on preferential basis to employees (only 4,100 shares taken up). Remaining 45,90,000 shares along with 5,15,600 shares not taken up were issued to the public (of these 4,98,000 shares taken up by FIIs and 17,600 shares by public). 1994 - The Company promoted Siti Cable Venture for provision of integrated cable network facility to individual cable operators on a city by city basis and function as a city TV station. - The Company also proposed to develop Pay TV industry and with this in view is jointly promoting Zee Cinema, the first Hindi movie Pay TV Channel along with the News Corp Group. 1995 - The Company alongwith Newscorp promoted another company viz. Programme Asia Trading Company Private Ltd. (PATCO) for programme supplies to EL TV and Zee Cinema Channel. - Asia Today Ltd. and Zee Telefilms Ltd. entered into a sale and purchase agreement for production, procurement and provision of Hindustani entertainment software from India and export the same to Hongkong for transmitting such software on ZEE TV Channel. - As per the agreement entered into between ASSPL & ATL the former has been approached as a sole canvassing agent for booking and selling advertisement slots or time slots throughtout India directly or through advertising agencies for relaying on the Zee TV. - 4,00,000 Redeemable Cumulative Non-Convertible Pref. share issued during the year. 1996 - Pref. shares redeemed during the year. 1997 - 3,00,000 pref. shares issued. - Walt Disney animation films will be telecast every day for two hours on Zee TV from February 1 following an agreement reached between Buena Vista Television India and Zee. - In order to bring the first of its kind `Zee Cine Awards' to millions of TV viewers across the globe, the Zee Network has tied up with the 150-year old world audit major, Price Waterhouse (which incidentally is the auditing firm for the Oscar awards also) and the market research firm Gallup MBA. 1998 - A Letter of intent was signed on 14.04.98 between Zee Network and EchoStar Communications Corp, to launch Zee's Hindi family entertainment channel on EchoStar's direct-to-home (DTH) satellite services for television audiences in the US. - The Zee Network, which runs the Zee family of channels, is foraying into the print media with the launch of a film magazine christened Cine Zee. The magazine will be launched in August. - Zee has also signed an agreement with Deutsche Telecom for beaming in Germany. It is also negotiating with leading cable companies in Sweden. - Subhash Chandra-promoted Zee Telefilms (ZTL) and the holding company for the Zee Network, Asia Today Ltd (ATL) may be merged. - Equity shares and convertible debentures of Zee Telefilms Limited can now be purchased up to 30 per cent of its total paid-up equity capital subject to certain conditions. - Apart from the three Star India channels - Star News, Star Plus and Star Movies - Asia Today Ltd (ATL), the 50:50 joint venture between Chandra and Murdoch; Siticable, the 50:50 joint venture between Zee Telefilms and murdoch; and Chandra's Zee Multimedia, which owns the UK, US, African and European Zee channels, will be merged with Zee Telefilms. - Zee TV and Tata Tea Ltd have won the 1997-98 Ficci awards for creativity in visual media and training and placement disabled persons respectively. - Siti Cable and Zee Telefilms Ltd (ZTL) have merged their operations. Siti Cable is a 50:50 joint venture between Subhash `Zee TV' Chandra's Essel group and Rupert Murdoch who controls Star TV. - Zee Telefilms will launch its cable Internet services in 4-6 months through its sister concern SitiCable. The company will provide unlimited Internet access (24 hours) over cable and will not charge its customers for Net-surfing. 1999 - As part of its expansion plans, ZTL will increase its authorised capital from Rs 50 to Rs 75 crore. - Zee Telefilms Ltd (ZTL) shareholders approved an increase in the company's authorized share capital from Rs 50 crore to Rs 75 crore to safeguard itself from any fund shortfall required for the ambitious projects envisaged in the face of technological convergence. - Subhash Chandra-promoted Zee Telefilms Ltd (ZTL) has tied up with French major Canal Plus for its proposed digital TV service, a precursor to a KU-band direct-to-home (DTH) service. - ZEE TV will launch three new channels in Europe and start broadcasts in eight regional languages in India during an action-packed six months expansion programme. - Zee Telefilms Limited (ZTL) will soon launch three English language channels, including a news channel called the Asian News Network, thus taking head-on its partner-turned-competitor Star TV. - Zee TV upto 1999 has been operating four channels, three of which were being played out of STAR TV facility in Hong Kong on lease basis. With the growth of the network into eleven channels, the launch of the DTO bouquet and the Alpha channels including the English channels, a decision was taken to install a fully owned facility in Singapore which can play-out ten channels. This facility was set up in a record time of three months and has been fully operational since middle of March 2000. - In September 1999, ZTL acquired Zee Multimedia Worldwide Limited (ZMWL). Following this acquisition, all the international operations including the broadcasting business of ZMWL came under ZTL's control. ZTL acquired NewsCorp's 50% stake in Asia Today Limited (ATL), Siticable, and Programme Asia Trading Company Ltd. and now owns 100% of these businesses. The consideration paid for the acquisition was USD 296.51 million 2000 - Zeenext.com, the Internet portal site of the company subsidiary EConnect India Ltd, and mobile Internet firm Unimobile.com that they had tied up to offer zeenext portal contents to wireless communication devices. - Zee Telefilms has emerged as the new market mover on Dalal Street. - Zee Telefilms signed an MoU with Asianet Communication Ltd. for consolidating Zee's entry into the South Indian regional channels. - Zee Telefilms will set up 500 Internet kiosks, named eZee centres, across the country as part of its e-commerce initiatives, senior company. - Zee Telefilms has been awarded the prestigious "Ground Breaker" award as the top national programmer by the US-based trade publication, Multichannel News International. - Media and entertainment major Zee Telefilms has acquired 26 per cent stake in Aplab Ltd, an electronic equipment market. - Zee Telefilms will launch "Basic Education Support Television" in April 2001 - a project aimed at educating the rural India through the television medium. - Zee Telefilms Ltd's American Depository Receipts/American Depository Shares issue worth $1.5 billion. - Zee Telefilms Ltd aims at a 1:1 debt-equity ratio for its Rs. 2,400 crore outlay to set up a fibre-optic and coaxial network across 26 cities in the country. - The Company and TransWorld International have joined their bids for the telecast rights for the cricket World Cup tournaments for 2003 and 2007. - Zee Telefilms subsidiary Zee Publishing has been hived off as a separate company. - Zee Telefilms Ltd will be launching its sports channel, tentatively christened, zee Sports, on 1st October. - Zee Telefilms Ltd. will float a new joint venture company with the Hollywood studio, Metro Gold-wyn Mayer Inc (MGM) to operate a co-branded movie channel exclusively for the South Asian market. - The promoter of the company Mr. Subhash Chandra will launch Zed TV, a education channel on October 12. - Indian media firm Zee Telefilms it has signed a joint venture agreement with an infotech firm to provide direct-to-home broadcast services. - Zee Interactive Learning Systems, a 100 per cent subsidiary of Zee Telefilms, has tied up with three public sectors undertakings and four state governments in the country to provide Web-based training initiatives. - The Company has apppointed three whole-time directors viz. Mr. R.K. Singh, Mr. Deepak Shourie and Mr. Dev Naganad. - The Company has entered into a joint venture tie-up with Sterling Infotech to establish a direct-to-home television services. - Zee Telefilms, proposes to set up a niche alternative lifestyle channel targeted at the non-resident Indian Population, has decided to brand the channel as Chakra. - The Indian Music Industry has joined hands with Zee Telefilms to present year 2000's IMI-Zee Sangeet Awards. - Zee Interactive Multimedia Ltd., a subsidiary of Zee Telefilms, is expanding its operations to 26 cities in the next 12 to 18 months. - Buddha Films, the company that has been working as the Zee group's platform for acquiring sports properties has been de-merged from Zee Telefilms (ZTL) and spun off as a separate, stand-along company. - Former director operations of Videsh Sanchar Nigam Amitabh Kumar has joined Zee Telefilms as vice-president distribution and access infrastructure. - Media baron Subhash Chandra has sold 50 lakh shares in Zee Telefilms (ZTL) to a US-based institutional investor. - The four regional channels that form the Alpha bouquet were launched on the following dates :Alpha Marathi : 15th August, 1999Alpha Bangla : 15th September, 1999Alpha Punjabi : 18th October 1999Alpha Gujarati : 21st March, 2000 2001 - In May, 2001, Zee Telefilms has decided to induct a strategic partner, preferably an international media major to strengthen its financial and technical strengths to achieve high growth in the field of convergence. ZTL has converted its flagship Zee TV into a pay channel with effect from 10 June 2001. 2002 - Zee Telefilms has come out with Open offer to acquire 23,39,900 fully paid-up equity shares of Rs 10/- each of ETC Networks. It represens 20% of the voting equity share capital at a price of Rs 31.52/- per fully paid up equity share. The issue opens on 3rd Apr. 2002 and closes on 3rd May 2002. -Zee Telefilms Ltd has informed that Zee TV Partners Cartoon Network, Snap Ties with Nickelodeon. -Zee Telefilms took a controlling stake in ETC Networks in June 2002, following a memorandum of understanding (MoU) signed between the two companies in February this year. As per the MoU, Zee was to acquire 57 per cent in ETC in two stages for Rs 25 crore. 2003 - Zee News is attempting to give a full perspective of the stories by following them to the core. In this regard, it has launched a new programme, known as Zee Follow Up. The new programme will pick up the loose string of hundreds of stories that once made headlines but somewhere down the line lost their steam. Zee News is attempting to retrace history by keeping the viewers abreast of what had occurred since, the report said. -Decides to persist with its plan of showing Thursday Bollywood blockbusters -Hits upon a new income stream to boost revenues by permitting other international news channels to beam its exclusive footage and programmes for a fee -Delgrada, an overseas corporate body owned by the promoters of ZEE Telefilm, pledges an additional 3.1 crore shares or 7.6% of the equity capital of Zee Telefilms held by it in favour of Credit Suisse First Boston, Singapore -Mumbai High Court stays Zee TV's daily and Sunday lottery draws -Share price slumps to four-year low of Rs 60.15 on 01/04/2003 -Zee News starts new programme 'Zee Follow up' through which it is attempting to retrace history by keeping the viewers abreast of what had occurred since -Zee, Turner International expand partnership with 3 new channels wherein Turner will be the advertising sales agent for Zee's English entertainment and lifestyle channels, Zee English, Zee MGM and the recently unveiled Trendz channel -Announces its la carte price list for bundling channels -Govt cancels Zee Telefilms plea for bundling its channels -Promoters' stake in Zee comes down to below 51-pc, stands at 50.5% -Zee News launches a new logo and a new advertising campaign with the baseline 'Haqeeqat Jaisi, Khabar Waisi' -Foreign shareholdings in Zee Telefilms surge to 58% -Promoters of Zee offload 3% shares to FIIs -Zee becomes first to get Ietter of intent for DTH operation in India -Delhi High Court permits Zee TV to telecast 'The Inside Story' -Zee News, Mid Day Multimedia in pact for daily news capsule -Zee, Star landup in a fray over Siticable's HITS project -HLL's advertisements reappear on Zee TV after nearly a gap of one year - Board approved the proposal to commence broadcasting of Zee TV and Zee Cinema channels from India. The company has already obtained permission of ministry of Information & Broadcasting for the same. -Out come of AGM: Delisting of equity shares from Ahmedabad & Delhi Stock Exchange Appointment of S P Talwar as an Independent Director -High Court restrains overseas firms from using Zee in domain names -Zee Tele forges alliance with Rajashri Pictures -Board approves Corporate Restructuring of Indian and Foreign Subsidiaries 2004 -Zee announces launch of new religious channel 'Jagran' - Churu Trading Co. Pvt. Ltd, has purchased 3415518 equity shares of the Company from Livewire Programme Trading Co. Pvt. Ltd. -Zee Telefilms announced the launch of a separate encrypted beam for Singapore -BT Broadcast, ASCEL join hands to offer teleport services to Zee 2005 -Zee Telefilms Ltd launches separate sports channel -Zee Tele teams up with IBM Global -Zee Network in alliance with PanGlobal TV -Zee join hands with Malaysia's Astro to launch Hindi channel - Zee TV has announced the launch of an interactive game show Kam Ya Zyaada. 2006 -Zee Telefilms acquires 50% stake in Ten Sports -Zee Network launches new channel in Indonesia -Zee to acquire 60 pc stake in Venus Films 2007 -Zee Telefilms Ltd has informed that consequent to all approvals having been received the name of the Company, effective from January 10, 2007, has changed to Zee Entertainment Enterprises Ltd. -Zee Entertainment Enterprises Ltd has informed that the Board of Directors, vide a resolution passed by circulation on December 29, 2007, has approved the appointment of Mr. R Vaidyanathan, Professor of Finance and Control at the Indian Institute of Management, Bangalore, as an Additional Director in the category of Independent Director on the Board of the Company with effect from January 01, 2008. - Company name has been changed from Zee Telefilms Ltd to Zee Entertainment Enterprises Ltd. 2008 - Zee unleashes new channel in South India 2009 -Acquisition of Regional Entertainment Channels from Zee News Ltd -Merger of ETC Networks Ltd with the Company and subsequent Demerger of education business into Zee Learn 2010 - Members approves Scheme of Arrangement - Board declares Special Interim Dividend of 200% - Approved the Scheme of Arrangement between the Company, 9X Media Pvt. Ltd. (formerly known as INX Media Pvt. Ltd.) and their respective Shareholder -Zee Entertainment Enterprises has given the Bonus in the Ratio of 1:1 2012 - Company introduces new Bangla movie channel 2013 -"The board approved a scheme of arrangement between the company and Diligent Media Corporation (DMCL) for demerger of media business undertaking from DMCL and vesting into the company 2014 -Zee Entertainment En - RBI approval for FII Investment upto 100% in the Company -The Company has recommended payment of Dividend of Rs. 2.00/- per equity share of Re. 1 each 2015 -Zee Entertainment Enterprises Ltd (ZEEL) has launched its entertainment channel Zee Hiburan in Indonesia -Zee Entertainment Enterprises Ltd - Registered Office of the Company has been shifted from Worli, Mumbai 400 018 to Lower Parel, Mumbai 400 013 -Zee Entertainment Enterprises has entered into food and lifestyle segment category by introducing its new entertainment channel Living Foodz 2016 -ZEE gets board nod for acquisition of Fly By WireInternational Pvt Ltd (FBW). -ZEEL enters Philippines with Bollywood movie channel -Zee may buy Reliance Broadcast for Rs 2,000 crores -Zee acquires 2 TV channels of Reliance Group -Zee Launches Zee Marathi HD, Zee Bangla HD and Zee Talkies HD -Zee Launches Zee Cinemalu -its Telugu movie channel 2017 - Zee Entertainment Acquisition of 100% Equity Stake in Fly-By-Wire International Private Limited - Zee Entertainment Acquisition of 100% Equity Stake in 9X Media Private Limited and its subsidiaries and acquisition of balance 26% Equity stake in Zee Turner Limited - Zee Entertainment Enterprises (ZEEL) acquire 80 per cent stake in technology startup Margo Networks for Rs 75 crore. - Zee Entertainment Enterprises Ltd (ZEEL) is acquiring the balance 49 per cent equity stake in its subsidiary India Webportal Pvt Ltd for USD 30.7 million. 2018 -ZEE Entertainment acquires US patent for a new digital technology. -ZEE launches online platform for small retail advertisers. 2019 -ZEE Entertainment is amongst 'India's Best Companies to Work For - 2019'. -Zee Entertainment launches the Media & Entertainment Industry's largest Learning & Development program for front line managers. - ZEE expanding regional footprint further with the launch of 4 new regional channels. 2020 -Zee5 partners Eduauraa to offer educational content. -ZEE wins 'Best Treasury Transformation' award. 2021 -ZEE bags top honours at the Businessworld HR Excellence Awards 2021. 2022 -ZEE Entertainment and Disney Star sign strategic licensing agreement for exclusive TV rights of ICC men's events. -ZEE signs Global Media Rights Contract with UAE's T20 League. 2023 -The Company got approval of Competition the amalgamation of Zee Entertainment Enterprises Limited and Bangla Entertainment Private Limited with Culver Max Entertainment Private Limited. 2024 -ZEE's MD & CEO inaugurates Breach Candy Hospital's state-of-the-art Kidney Centre.

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Parent Organisation

Zee Entertainment Enterprises Ltd.

Founded

25/11/1982

Managing Director

Mr.Punit Goenka

NSE Symbol

ZEELEQ

FAQ

The current price of Zee Entertainment Enterprises Ltd is ₹ 100.16.

The 52-week high for Zee Entertainment Enterprises Ltd is ₹ 105.50 and the 52-week low is ₹ 99.63.

The market capitalization of Zee Entertainment Enterprises Ltd is currently ₹ 9620.56. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Zee Entertainment Enterprises Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

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The CEO of Zee Entertainment Enterprises Ltd is Mr.Punit Goenka, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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