Key Points
Embattled Indian broadcaster Zee Entertainment on Wednesday refuted media reports which claimed a $240 million, or Rs 2,000 crore 'accounting hole' and termed it incorrect and false...
We are in process of providing all comments requested by SEBI and have extended complete co-operation on all aspects," news agency Reuters quoted the company as saying...
SEBI has reportedly found that around Rs 2,000 crore may have been diverted from the company, roughly ten times higher than its initial estimates, Bloomberg News reported citing sources on Wednesday..
Shares of Zee Entertainment bled, with the scrip trading at Rs 172 a piece, down over 10 per cent as of 10:15 am.. ET on Tuesday reported that executives of Zee Entertainment and Sony Group were engaged in a 'last-ditch' attempt to revive their $10 billion merger which was officially called off on January 22..
Following the termination of the merger agreement by Sony Group, Zee approached NCLT and Singapore International Arbitration Centre (SIAC), seeking its implementation which would create the nation's largest entertainment network company..
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