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Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content i.e. programs / film rights / feeds /music rights.
Zee Entertainment received a certificate from its statutory auditors, confirming the company's adherence to important operational and disclosure standards crucial for listed entities. This validates robust corporate governance practices.
An appellate body granted a one-day extension for the company to issue 2,40,59,266 warrants. This resolves a technical issue where payments were credited next day, ensuring planned capital infusion proceeds smoothly.
Zee Entertainment (ZEEL) has received a certificate from its statutory auditors, confirming the company's full compliance with market regulations concerning capital issuance and disclosure requirements. This ensures adherence to governance standards.
Securities Appellate Tribunal partially stayed the market ban on Zee (ZEEL) and Punit Goenka. This allows them to proceed with the preferential issuance of warrants, subject to penalty payment. Other market restrictions remain in effect.
ZEEL reports Q1 Consolidated Revenue of ₹1,938.5 Cr, Profit of ₹74.3 Cr. SEBI imposed ₹0.3 Cr penalty & 2-month market restraint; Co. appealed. Board OK'd ₹3,143.5 Cr preferential warrants and ESOPs. Jiostar seeks USD 1,097 million damages in arbitration.