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Zee Entertainment Enterprises Limited (ZEEL.NS)
| Previous close | 140.10 |
| Open | 141.25 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 140.80 - 145.00 |
| 52-week range | 138.00 - 299.70 |
| Volume | |
| Avg. volume | 25,036,741 |
| Market cap | 137.066B |
| Beta (5Y monthly) | 0.75 |
| PE ratio (TTM) | 119.92 |
| EPS (TTM) | 1.19 |
| Earnings date | 23 May 2024 - 27 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 15 Sept 2022 |
| 1y target est | 183.05 |
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.
- Reuters
UPDATE 2-India's Zee to trim 15% of workforce in structural overhaul
Indian broadcaster Zee Entertainment will cut 15% of its workforce, it said on Friday, in its latest bid to trim costs. Zee has had two major deals fail in recent months - a $10 billion merger with Sony India and a $1.4 billion cricket broadcasting deal with Walt Disney. Its cash reserves also fell to 2.48 billion rupees in the six months ended Sept. 30, from 5.88 billion rupees a year earlier.
ReutersIndia's Zee cuts staff by about half at Bengaluru's Technology & Innovation Centre
India's Zee Entertainment on Friday said it has reduced the workforce at its Technology & Innovation Centre in Bengaluru by about half, following recommendations by a company-formed review panel to cut costs. The decision was made by the managing director and chief executive officer Punit Goenka, the company said. The committee, comprising company chairman R. Gopalan and audit committee chairman Prakash Agarwal, had suggested that Zee should substantially reduce losses in its businesses, including its English-language TV channels, and cut costs in other areas to meet a key profit target, the broadcaster said on Tuesday.
