Shareholders of Zee Entertainment Enterprises Ltd (ZEEL) have rejected a proposal for reappointment of Alicia Yi as an independent director on the company board.
Zee Entertainment share price: At today's closing price of Rs 206.45, the stock has rebounded 19.86 per cent from its 52-week low of Rs 172.25, a level seen on June 20, 2023. That said, it has declined 28.04 per cent from its one-year high price of Rs 286.90, hit on October 6 last year.
As per the report, the sources revealed that about 837 million rupees ($10 million) could be settled to IndusInd Bank and this could happen as early as Friday. Also, they said that the Mumbai-based bank has agreed to withdraw its insolvency proceedings once the repayment is made by ZEEL.
Disney Star will license the television broadcasting rights of the International Cricket Council's (ICC) Men's and Under-19 (U-19) global events for a period of four years to ZEE.