Zee Entertainment Enterprises Ltd (Zeel) has responded to Invesco's Open letter, clearing the air regarding certain accusations made by the investors regarding the Zeel-Sony merger. In its biting Open letter issued on 11 October, Invesco Developing Markets Fund and OFI Global China Fund LLC who combined own 18 per cent stake in Zeel.
In the latest turn of events, Dish TV has turned down Yes Bank's call for an Extraordinary General Meeting (EGM), stating that the meeting cannot be called, as it will be in violation of the extant laws.
The Bombay high court on Wednesday heard the petition filed by Zee Entertainment Enterprises Ltd (Zeel) against the requisition notice sent by its investor Invesco Developing Markets Fund. The court has asked Invesco to file its reply by 20 October and will hear the matter on 21 October.
Invesco Developing Markets Fund on Wednesday stated that Reliance Industries had made an offer to Zee Entertainment Enterprises Ltd (Zeel) to merge its media business, a deal which was struck down by Zeel's managing director and chief executive officer Punit Goenka at the beginning of the year.
Reliance Industries Ltd (RIL) has released a statement after being embroiled in the Zeel-Invesco dispute on Wednesday. The company said that it has never resorted to "hostile transactions" and noted that reports in the media are not accurate.
Netflix has announced that the Korean drama "Squid Game" has reached 111 million fans, making the series the OTT platform's biggest launch ever. It is also the first series to be watched across 100 million accounts.
Music and entertainment company Mirchi has launched its latest campaign called 'Proudly Local' with an aim to build awareness around the importance of being 'multi-local' for brands and marketers.
In a major development, Zee Entertainment Enterprises Ltd (Zeel) MD Punit Goenka has informed the Company Board that Invesco representatives had covertly offered a merger proposal to him with a "large Indian group" in February, early this year........... Read More...
Kids' entertainment franchise Nickelodeon is all set for the launch of its 11th animated IP "Chikoo Aur Bunty". Starting 18 October, the 11-minute episodic series will bring alive the epic sibling banter and the playful rivalry between them through the story of the two brothers Chikoo and Bunty............ Read More...
The Telecom Regulatory Authority of India (Trai) is expected to release a consultation paper on licensing and framework of satellite earth station gateways, said Trai chairman PD Vaghela, according to a report by PTI................. Read More...
