Zee Entertainment Enterprises Limited (ZEEL.NS)
| Previous close | 153.55 |
| Open | 153.55 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 151.40 - 157.60 |
| 52-week range | 125.50 - 299.70 |
| Volume | |
| Avg. volume | 17,023,359 |
| Market cap | 150.081B |
| Beta (5Y monthly) | 0.70 |
| PE ratio (TTM) | 75.48 |
| EPS (TTM) | 2.07 |
| Earnings date | 07 Aug 2024 - 12 Aug 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 15 Sept 2022 |
| 1y target est | 168.00 |
ReutersIndia'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. The company plans to raise the funds through equity shares or any other eligible securities, via a combination of private placements, qualified institutions placements, and preferential issues, it added.
ReutersIndia's Zee Entertainment reports Q4 profit as advertising demand picks up
BENGALURU(Reuters) -India's Zee Entertainment Enterprises reported a quarterly profit on Friday, compared with a loss a year earlier, helped by strong demand for advertising and a fall in expenses. The company posted a profit of 133.5 million rupees ($1.60 million) from a year-ago loss of 1.96 billion rupees. Domestic advertising revenue for the quarter rose nearly 11% year-on-year, driven by the continued recovery in the macro advertising environment and spending pickup by FMCG (fast-moving consumer goods) clients, Zee said in a filing with exchanges.
ReutersZee withdraws Sony merger application from India company tribunal
Zee Entertainment Enterprises said on Tuesday it was withdrawing an application filed with an Indian company tribunal that was aimed at forcing Sony to merge its India unit with the company. The decision to withdraw the application, which was filed in January, will enable the company to "aggressively pursue" all its claims against Sony in the ongoing arbitration proceedings at the Singapore International Arbitration Center (SICA) and in other forums, Zee said in an exchange filing. Sony scrapped the $10 billion merger of its Indian arm with Zee Entertainment in January, in part because Zee failed to meet some financial terms of the deal and come up with a plan to address them.
