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Zee Entertainment Tumbles 33% to 52-week Low After Sony Calls Off Merger

Zee Entertainment Enterprises Ltd (ZEEL) tumbled over 33% Tuesday and touched its 52-week low of Rs152.50 on NSE following a termination letter sent by Sony to call off the merger ....

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SC agrees to hear IDBI Trusteeship Services' appeal against two Zee companies

Two promoter companies of ZEEL have been given four-week period by the SC to respond to the notices. ....

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SC Issues Notice to 2 Essel Group Companies on IDBI Trusteeship's Insolvency Plea

Agreeing to hear a petition filed by IDBI Trusteeship Services Ltd against an order from the National Company Law Appellate Tribunal (NCLAT) rejecting an insolvency plea against Essel group companies, the Supreme Court issued notices to Cyquator Media Services and Direct Media Distribution Ventures. Cyquator Media Services is a promoter group company of Zee Entertainment Enterprises Ltd (ZEEL). ....

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Insolvency: SC issues notice to 2 Essel group firms on IDBI Trusteeship's plea

Cyquator Media Services and Direct Media Distribution have been given four weeks by the Supreme Court to respond to the notices ....

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IDBI-Essel case: SC agrees to hear IDBI Trusteeship Services' appeal, issues notice to Essel group entities

The Supreme Court has asked a response from Essel group firms, Cyquator Media Services Pvt Ltd and Direct Media Distribution Ventures, on the appeal against a National Company Law Appellate Tribunal s (NCLAT) September order that rejected its insolvency plea against the firms. The NCLAT dismissed an insolvency petition against Direct Media Ventures and two days later, the insolvency petition against Cyquator Media, a promoter group company of Zee Entertainment Enterprises. ....

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