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Buy Zee Entertainment Enterprises Ltd For Target Rs.200 By JM Financial Services A balancing act ZEEL’s board took two important decisions over the past few days. First, it has set higher financial targets, including a definitive payout ratio, to evaluate Puneet Goenka’s performance as CEO. Second, it has accepted Puneet Goenka’s resignation as MD of the company while appointing him as CEO (he was earlier MD and CEO). Puneet intends to focus entirely on his operational responsibilities while relinquishing some of his board ones. Importantly, Puneet&rs...
Buy Zee Entertainment Enterprises Ltd For Target Rs.200 By JM Financial Services
Buy Zee Entertainment Enterprises Ltd For Target Rs.200 By JM Financial Services
Source: JM Financial Services
2024-12-03 11:21:28 am
Buy Zee Entertainment Enterprises Ltd For Target Rs.200 By JM Financial Services A balancing act ZEEL’s board took two important decisions over the past few days. First, it has set higher financial targets, including a definitive payout ratio, to evaluate Puneet Goenka’s performance as CEO. Second, it has accepted Puneet Goenka’s resignation as MD of the company while appointing him as CEO (he was earlier MD and CEO). Puneet intends to focus entirely on his operational responsibilities while relinquishing some of his board ones. Importantly, Puneet&rs...
Buy Zee Entertainment Enterprises Ltd For Target Rs.200 By JM Financial Services
Buy Zee Entertainment Enterprises Ltd For Target Rs.200 By JM Financial Services
Source: JM Financial Services Ltd
2024-11-30 10:45:28 am
Indian broadcaster Zee`s Q2 margin jumps, lifting shares Indian broadcaster Zee Entertainment Enterprises posted a fall in second-quarter adjusted profit on Friday, although a sharp drop in expenses lifted its margins, sending shares to close 5.3% higher. Zee, whose $10 billion merger with Sony's Indian unit fell through earlier this year, reported a core profit margin of 16% for the quarter ended Sept. 30, compared to 13.6% a year ago, as expenses fell 20%. Since the deal's collapse, Zee implemented a slew of measures to reduce costs...
Indian broadcaster Zee`s Q2 margin jumps, lifting shares
Indian broadcaster Zee`s Q2 margin jumps, lifting shares
Source: Reuters
2024-10-18 06:10:40 pm
India's Zee Entertainment reports Q1 profit on subscriber growth India's Zee Entertainment Enterprises posted a profit for the first-quarter on Wednesday as the media company saw a rise in its subscribers, sending shares higher by 5%. Zee is among the biggest players in India's media and entertainment industry, where the likes of Reliance Industries and the Adani Group are expanding their presence. The broadcaster, which saw a mega deal with Sony's Indian unit fall through earlier in the year, reported a consolidated net profit of 1.18 bi...
India's Zee Entertainment reports Q1 profit on subscriber growth
India's Zee Entertainment reports Q1 profit on subscriber growth
Source: Reuters
2024-07-31 04:33:53 pm
India's Zee Entertainment says finance chief Gupta resigns India's Zee Entertainment Enterprises said on Tuesday that Chief Financial Officer Rohit Gupta has resigned due to personal reasons and named company veteran Mukund Galgali as acting CFO. Gupta spent nearly six years at the broadcaster. Galgali, the head of Zee's commercial and strategic initiatives, has been with the group for 17 years. He will assume responsibilities as acting CFO from Wednesday, Zee said. Two months back, the media company said it would cut about 15% of it...
India's Zee Entertainment says finance chief Gupta resigns
India's Zee Entertainment says finance chief Gupta resigns
Source: Reuters
2024-06-19 09:36:10 am
India`s Zee Entertainment to raise nearly $240 million Zee Entertainment Enterprises's board has approved a fundraise of up to 20 billion rupees ($239.6 million), the Indian broadcaster said on Thursday. The company had two major deals - a $10 billion merger with Sony India and a $1.4 billion cricket broadcasting deal with Walt Disney - fail this year, and was forced to cut costs and reduce losses in its business to a meet key profit target. Zee said it will use the funds to "enhance its strategic flexibility to pursue future growt...
India`s Zee Entertainment to raise nearly $240 million
India`s Zee Entertainment to raise nearly $240 million
Source: Reuters
2024-06-06 02:59:58 pm
Hold Zee Entertainment Enterprises Ltd. For Target Rs.167 By Prabhudas Lilladher Pvt. Ltd. Event Update – Solo journey may not be easy Quick Pointers: Legal cost under radar amid ongoing arbitration with Sony.  In an address to investors, Mr R Gopalan, Chairman of the Board, highlighted 1) revival plan is in place post-merger fall out and monthly reviews will be undertaken to track progress 2) an independent advisory committee has been formed to counter circulation of mis-information and 3) steps to enforce merger with Son...
Hold Zee Entertainment Enterprises Ltd. For Target Rs.167 By Prabhudas Lilladher Pvt. Ltd.
Hold Zee Entertainment Enterprises Ltd. For Target Rs.167 By Prabhudas Lilladher Pvt. Ltd.
Source: Prabhudas Lilladher Pvt. Ltd.
2024-04-01 01:45:15 pm
Reduce Zee Entertainment Enterprises Ltd. For Target Rs. 167 By Prabhudas Lilladher Pvt. Ltd. Quick Pointers: * Steady state aspiration is to aim for 8-10% revenue growth (digital business will grow at a much higher rate).   * Target is to deliver 18-20% EBITDA margin in FY26E. We cut our FY25E EPS estimates by 6% as operating margin may remain under pressure in near term as recalibration measures taken to reset the cost base by re-visiting content, technology, marketing and employee spends will take some time to unfold post-merger fall out. Whil...
Reduce Zee Entertainment Enterprises Ltd. For Target Rs. 167 By Prabhudas Lilladher Pvt. Ltd.
Reduce Zee Entertainment Enterprises Ltd. For Target Rs. 167 By Prabhudas Lilladher Pvt. Ltd.
Source: Prabhudas Lilladher Pvt. Ltd.
2024-03-21 02:37:26 pm
Neutral Zee Entertainment Enterprises Ltd For Target Rs.175 - Motilal Oswal Financial Services Ltd Zee Entertainment Enterprises Ltd. (ZEE) hosted a conference call on 4th Mar’24 to address ongoing investor concerns. Following are the key points: * ZEE has established an independent committee to investigate the allegations made against the company or its promoter or key management personnel (KMP). Based on the committee’s findings, the board will take the appropriate actions. * The management has reiterated that there was no misappropriation of money. * The company exp...
Neutral Zee Entertainment Enterprises Ltd For Target Rs.175 - Motilal Oswal Financial Services Ltd
Neutral Zee Entertainment Enterprises Ltd For Target Rs.175 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-03-05 03:36:34 pm
Sony scraps $10 billion India merger talks with Zee Entertainment  After two years of negotiations, Japan's Sony on Monday terminated a $10 billion merger of their India operations with Zee Entertainment. Here is a timeline of some key moments in the negotiations: September 22, 2021 - Zee Entertainment enters into merger talks with Sony. The company's current CEO Punit Goenka was slated to become the CEO and managing director of the new entity. December 22, 2021 - Sony and Zee sign definitive agreements to form a merged entity. Augu...
Sony scraps $10 billion India merger talks with Zee Entertainment
Sony scraps $10 billion India merger talks with Zee Entertainment
Source: Reuters
2024-01-22 09:37:04 am
Sony unit continues merger talks with India`s Zee - Nikkei The Sony Group continued to hold talks with Zee Entertainment Enterprises to merge their businesses in India, the Nikkei reported on Wednesday, citing people involved in the negotiations, after media reports earlier said the Japanese company was planning to scrap the $10 billion deal. The talks will continue until a Jan. 20 deadline to close the deal, the Nikkei reported. Bloomberg News reported on Monday that Sony planned to file a termination notice before the deadline over an impasse...
Sony unit continues merger talks with India`s Zee - Nikkei
Sony unit continues merger talks with India`s Zee - Nikkei
Source: Reuters
2024-01-10 11:58:41 am
Zee, Sony have one-month grace period to close India ops merger - Bloomberg News  India's Zee Entertainment Enterprises and Japan's Sony Group have a one-month headroom from the Dec. 21 deadline to close the merger of their India operations, Bloomberg News reported on Thursday, citing people familiar with the matter. The merger pact, which would create a $10 billion media and entertainment powerhouse, was signed in 2021 with a provision for a 30-day grace period after the deadline if either party sought more time, the report added. Zee and Sony did not ...
Zee, Sony have one-month grace period to close India ops merger - Bloomberg News
Zee, Sony have one-month grace period to close India ops merger - Bloomberg News
Source: Reuters
2023-12-21 04:19:48 pm
Zee, Sony to discuss extension of merger deadline Zee Entertainment Enterprises said on Wednesday that Sony Pictures Networks India has agreed to discuss the extension of the merger deadline. “The company is now in receipt of a communication from CMEPL and BEPL that they will enter into good faith negotiations as required under the Merger Cooperation Agreement (MCA) entered among the Parties, the Company, CMEPL and BEPL, with a view to discuss the extension of the date required to make the Scheme effective by a reasonable period of ...
Zee, Sony to discuss extension of merger deadline
Zee, Sony to discuss extension of merger deadline
Source: IANS
2023-12-21 09:42:45 am
Sony`s India unit says it has not yet agreed to merger deadline extension with Zee  Sony Group Corp's Indian unit said on Tuesday that it has not yet agreed to prolong a merger deadline with India's Zee Entertainment Enterprises, days after the latter sought an extension. Shares of Zee Entertainment were down 4.2%. The merger to create a $10 billion media and entertainment powerhouse, which was announced in 2021, had a Dec. 21 deadline to close. "The notice (from Zee) triggers an existing contractual provision in the deal that allows for both part...
Sony`s India unit says it has not yet agreed to merger deadline extension with Zee
Sony`s India unit says it has not yet agreed to merger deadline extension with Zee
Source: Reuters
2023-12-19 10:21:16 am
Zee asks Sony`s Indian arm for extension of merger deadline India's Zee Entertainment Enterprises said in a stock exchange filing on Sunday that it had sought a further extension of a merger deadline from the Indian arm of Japan's Sony Group "to make the scheme effective". Zee Entertainment said in seperate filing on Saturday that independent board directors Vivek Mehra and Sasha Mirchandani had not got the votes needed to secure their re-appointment ahead of a Dec. 21 deadline for completion of the merger. The reappointment of...
Zee asks Sony`s Indian arm for extension of merger deadline
Zee asks Sony`s Indian arm for extension of merger deadline
Source: Reuters
2023-12-18 09:18:21 am
Buy Zee Entertainment Enterprises Ltd For Target Rs.315 - Emkay Global Financial Services Zee’s advertising revenue declined for the fifth consecutive quarter (YoY), down 3.3% YoY in Q2FY24 and broadly in line with our estimate. Ad revenue recovery for Zee has been slow, despite FMCG companies hiking their ad spends. The festive season should grant some impetus to ad revenue growth, which continues to lag. Subscription revenue reported an uptick of 8% YoY, aided by NTO3.0 implementation. Other sales & services reported a strong performance owing to theatrical performance...
Buy Zee Entertainment Enterprises Ltd For Target Rs.315 - Emkay Global Financial Services
Buy Zee Entertainment Enterprises Ltd For Target Rs.315 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-24 11:54:37 am
Buy Zee Entertainment Enterprises Ltd For Target Rs.335 - Emkay Global Financial Services Zee’s stock rallied over 12% last week, after a decline of ~15% from Aug (post NCLT merger approval) to Oct, when the market also took a fall. A major portion of this rally has come post SAT’s order, setting aside SEBI’s ruling, which had restricted Punit Goenka from holding Directorial position or KMP in any listed company, including Zee. After an uncertain period regarding top management of the merged entity, the market believes Punit Goenka’s return is positive owin...
Buy Zee Entertainment Enterprises Ltd For Target Rs.335 - Emkay Global Financial Services
Buy Zee Entertainment Enterprises Ltd For Target Rs.335 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2023-11-11 09:51:48 am
India's Zee Entertainment Q2 profit rises on movies, subscription boost India's Zee Entertainment Enterprises on Thursday reported its first profit in three quarters, as strong demand for its movies and a pickup in subscriptions eclipsed a decline in advertisement revenues. The media and entertainment company posted an 8.9% rise in consolidated net profit to 1.23 billion rupees ($14.77 million)for the second quarter ended Sept. 30. The company, which owns TV channels including Zee TV and Zee Cinema, posted an 8% rise in its subscription revenue on a yea...
India's Zee Entertainment Q2 profit rises on movies, subscription boost
India's Zee Entertainment Q2 profit rises on movies, subscription boost
Source: Reuters
2023-11-10 09:15:08 am
Japan`s Sony says India unit`s merger with Zee likely delayed Japan's Sony Group Corp said on Friday a merger of its Indian unit with Zee Entertainment Enterprises, which was due to be completed by end-September, would likely take a few more months."This transaction was expected to be completed by the end of the first half of fiscal year 2023, but based on the current state of preparation, we expect completion within the next few months," Sony said in a statement.Sony did not elaborate on the reason for the delay.The merger to create a $10 billion media...
Japan`s Sony says India unit`s merger with Zee likely delayed
Japan`s Sony says India unit`s merger with Zee likely delayed
Source: Reuters
2023-09-29 01:42:44 pm