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Punit Goenka picks solid over spectacular to steer Zeel ship in turbulent times

31 July was an extremely busy day for Zee Entertainment Enterprises Ltd (ZEEL) managing director and CEO Punit Goenka. Conference calls with investment analysts followed by video interviews with various business news channels late into the evening. Hardball questions were asked, he parried them...

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ZEEL's Punit Goenka on Oppenheimer transaction, strategic investor, additional stake sale

Zee Entertainment Enterprises Ltd (ZEEL) on Wednesday announced what much of the media and entertainment as well as the investor ecosystem had been waiting to hear for a while. ZEEL reached an agreement with US-based Invesco Oppenheimer Developing Markets Fund for 11 per cent (around Rs 400 per...

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ZEE Entertainment to sell up to 11% promoters' stake to Invesco Oppenheimer Fund for Rs 4,224 crore

MUMBAI: Essel Group, on Wednesday, announced that Invesco Oppenheimer Developing Markets Fund has agreed to make an additional investment in ZEE Entertainment Enterprises Ltd. (ZEEL). Oppenheimer Fund has agreed to buy up to an 11% stake in ZEEL from its promoters, for a total consideration value...

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Shaurya Mehta moves on, Kartik Mahadev names ZEEL's premium cluster business head

MUMBAI: Zee Entertainment Enterprises Limited (ZEEL) has elevated Kartik Mahadev to the role of business head of its premium channels cluster post the departure of incumbent Shaurya Mehta last week.

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New tariff order helped ZEEL's strong domestic subscription revenue growth in Q1 FY20

Zee Entertainment Enterprises Ltd (ZEEL) experienced strong growth in domestic subscription revenue in the first quarter of FY 2020 where the new tariff order played an important role. The leading broadcaster has guided for domestic subscription revenue for the overall year to grow in mid-twenties.

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