"With the certainty of the merger being higher given Invesco’s support and recovery in the ad market, the stock can potentially see a re-ra...

The Bombay High Court on Friday reserved its order on Zee Entertainment Enterprises Ltd's (ZEEL) plea after the media company said it was u...

The NCLAT had on Thursday directed NCLT Mumbai to give reasonable opportunity to the media major to reply to Invesco's plea for holding a m...

Earlier, amid the spat, Zee Chairman Emeritus Subhash Chandra asked Invesco to make an open offer and take over the company if it wants, an...

After hearing the matter for some time on Monday, the tribunal adjourned the proceedings for Tuesday.

Two investment firms -- Invesco Developing Markets Fund (formerly Invesco Oppenheimer Developing Markets Fund) and OFI Global China Fund LL...

Zee Entertainment Enterprises Ltd., incorporated in the year 1982, is a Large Cap company (having a market cap of Rs 33349.11 Crore) operat...

As of June 2021, the promoters' shareholding was 3.99 per cent in ZEEL and after the proposed merger, it will be diluted to 2 per cent in t...

The remarks come against the backdrop of the company's two largest shareholders -- Invesco Developing Markets Fund and OFI Global China Fun...

The stake sale in ZEEL was conducted in order to repay loan obligations to certain lenders of the group.

Chandra will remain the non-executive director of the company, which he founded in 1992.

The scrip jumped 12.40 per cent to close at Rs 345.25 on the BSE.

Essel Media Venture had created pledge on 10.71 per cent stake in favour of VTB Capital in 2017.

“Lenders have extended support to the Group and its promoters,” the report said.

The financial investor has agreed to acquire additional 11% stake in ZEE from the promoters for Rs 4,224 crore.

CLSA has a target of Rs 515 as it feels that stake sale will allay near-term concerns.

Promoters reject Comcast-led consortium’s offer. Zee Entertainment open to sell further 9%.