Zee Entertainment has appointed an Independent Advisory Committee, chaired by retired High Court judge Satish Chandra, and Uttam Agarwal and PV Ramana Murthy, to address negative public opinion and investor wealth erosion caused by rumours and market speculation following the Sony merger.
Zee Entertainment denies media reports of a $240 million accounting hole, calling them incorrect and false. The embattled Indian broadcaster asserts cooperation with SEBI and states they are addressing comments requested. SEBI reportedly uncovers a potential diversion of around Rs 2,000 crore, ten times higher than initial estimates, according to Bloomberg News sources
Zee Entertainment denies media reports of a $240 million accounting hole, calling them incorrect and false. The embattled Indian broadcaster asserts cooperation with SEBI and states they are addressing comments requested. SEBI reportedly uncovers a potential diversion of around Rs 2,000 crore, ten times higher than initial estimates, according to Bloomberg News sources
Embattled Indian edtech startup Byju's is looking to raise more than $100 million from existing stakeholders but at a steep 90% discount to its $22 billion valuation in its last funding round in 2022, Bloomberg News reported on Tuesday.