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ZEE: Sebi clarified till orders, the two entities should not hold positions of a director or a KMP in ZEE, other public listed companies and their wholly owned subsidiaries, which are under the control of entities
ZEE has argued that Punit Goenka’s case with Sebi and the merger are two separate cases. The current ZEE valuations do not appear to justify the strong potential of the merged entity.
ZEE Q1 results: Kotak Institutional Equities sees adjusted profit for ZEE to fall 87.30 per cent YoY to Rs 15.50 crore against Rs 121.60 crore YoY. It sees net sales rising 3 per cent YoY to Rs 1,902 crore.
The NCLAT stay on insolvency comes as a major relief to the company as Zee Entertainment is on the verge of completing its merger with Culver Max Entertainment ....