Promoters of Zee Media Corp, the company that runs Zee branded news channels, have won shareholder nod to be allocated up to 13.5 cr warrants on shares, overcoming opposition from institutional investors. It was a month ago that the company’s board decided to put before shareholders a proposal that would see promoter group, the Subhash […]
YES Bank, the single largest shareholder of DTH company Dish TV, today said it has not been approached by Bharti Airtel for buying the stake in Dish TV. Prashant Kumar, the MD & CEO of the bank, however indicated that bank is not averse to selling its nearly 26% stake in the company for the […]
Punit Goenka, the CEO and MD of Zee Entertainment Enterprises and part of the promoter group of the company, said recent controversies involving the promoters have not affected the determination of the promoters to find the right strategic partner for the media company. Goenka was responding to questions of whether international companies have been unnerved […]
Zee Media, the news broadcasting arm of Zee Group, has invited analysts for a conference call on Monday to discuss what it called “business related affairs” of the company. The call will be from 12:30 PM to 1:00 PM. No other details was revealed about what the subject of the call would be. The intimation […]
Essel Group Middle East (EGME) has acquired the Bada Potash Exploration License, located in Danakil Depression, Eritrea via its subsidiary Interu Mining and Trading. Earlier this year, EGME had also acquired oil reserves in the sub-Saharan region. Essel Group is the promoter of Zee Entertainment, and is headed by Subhash Chandra Goel. The group’s primary […]
Dish TV India Limited (Dishtv) reported a 19.2% increase in first quarter revenue to Rs. 7,367 million (Rs 736.7 cr), and PAT of Rs. 54.2 cr compared to a loss of Rs 15 cr in the previous year. Subscription revenues rose 20.6% to Rs. 6,828 million. EBITDA margin recorded at 32.1% compared to 25.3% in the corresponding quarter […]
Essel Propack Limited, a provider of plastic tubes catering to the FMCG & Pharma space, said it has sold its wholly owned subsidiary, Packaging India Pvt. Ltd. to Amcor Flexibles India Pvt. with immediate effect. The deal is completed for full cash consideration. The Enterprise value (including the debt on the books of the sold […]
