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January 23, 2024 3:17 pm
As per the original merger plan, Sony would have held 51 per cent stake in the entity and promoters’ share would have been 4 per cent while the rest would have been held by the public
January 22, 2024 5:39 pm
Sony Corporation issued a notice terminating the definitive agreements entered into by SPNI and ZEEL relating to the $10 billion merger, which was previously announced on December 22, 2021. While Sony cited the delay in the merger, there were conflicting views about the leadership of the combined entity by Zee’s MD & CEO Punit Goenka.
October 30, 2023 10:02 pm
The SAT also asked Goenka to cooperate with the Securities and Exchange Board of India (SEBI) in the investigation. The tribunal said in the event any material comes out against Goenka during the course of investigation then SEBI can adopt appropriate procedures in accordance with law.
September 29, 2023 1:12 pm
"This transaction was expected to be completed by the end of the first half of fiscal year 2023, but based on the current state of preparation, we expect completion within the next few months," Sony said in a statement.
August 18, 2023 9:18 am
IDBI bank had challenged the orders of the Mumbai bench of the National Company Law Tribunal (NCLT), which rejected the private lender's plea to initiate insolvency proceedings against Zee Entertainment Enterprises Ltd.
August 15, 2023 1:30 am
SEBI said it will complete the investigation in the matter in a time-bound manner and in any event, ‘within a period of 8 months from the date of this order’.
August 11, 2023 12:41 am
Following the order, Zee’s share price rallied to gain 20% in intra-day trade and closed up 17.95% at `285.55 on the BSE.
July 14, 2023 1:17 pm
Shareholders of Zee Entertainment Enterprises Ltd (ZEEL) have rejected a proposal for reappointment of Alicia Yi as an independent director on the company board.
July 11, 2023 1:41 am
On June 27, SAT had reserved its order on petitions filed by Chandra and Goenka.
June 21, 2023 12:49 pm
Sony Pictures Entertainment said it took Sebi's order banning Zee Entertainment's founder and chief executive officer from holding board positions "seriously."