zee - Indian Broadcasting World

Bombay HC directs Zee to call shareholders meet

The Bombay High Court on Thursday asked Subhash Chandra-founded Zee Entertainment Enterprises to call an EGM or a shareholders’ meeting as requisitioned by the company's largest shareholder Invesco.

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Zee announces channel rates; keeps Zee TV, some driver channels out of bouquets

Zee Entertainment announced Sunday the rates of its TV channels to conform to regulator TRAI’s tariff regime (NTO 2.0), but has priced some driver channels like Zee TV and Zee Bangla (both SD and HD versions) o...

Punit Goenka: There was ‘valuation imbalance’ in earlier merger proposal

Punit Goenka, the soft-spoken chief of Zee Entertainment, on Thursday said he did not agree to an earlier merger proposal brought in by foreign investor Invesco as there was imbalance in valuations of ...

Reliance admits was in talks earlier with Zee for merger; denies hostile takeover bid

In the season of statements, the latest one has come from billionaire Mukesh Ambani’s Reliance Industries Ltd. (RIL), followed by another one from Invesco that owns around 18 percent of Zee Entertainment.

Reliance on Wednesday admitted, earlier in the year, it was in fact in talks wi...

Zee accuses Invesco for hypocrisy

India's Zee Entertainment on Tuesday said top shareholder Invesco's opposition to a proposed merger of the TV network with Sony's India unit is hypocritical because the U.S. investment firm pitched a deal with similar terms earlier this year. Invesco's "stance... runs contrary to the very deal Invesco was proposing itself a few months ago," Z...

Zee gets two weeks to reply in case relating to investors’ demands

India's companies court NCLT on Friday gave Zee Entertainment two weeks to file its reply in a case brought by two institutional investors for a meeting of shareholders to discuss an overhaul of top management and the board of directors.

Invesco Developing Markets Fund and OFI Global...

EXCLUSIVE PHOTOS

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“This initiative will empower subscribers to pay online and subscribe to the channels they want to watch and get it activated on their TV sets in real-time without any delay. Without needing to undertake any software development, LMOs can approach Mobiezy for their pre-built and pre-integrated solution that uses NXTDigital’s news APIs and can be up and running with their own mobile apps within just a few days.”

RU Ediriwira, Group CTO, NXTDigital Limited

“With the launch of Partnership for Growth 3.0 we intend to expand our network with 40 new NXTHUBs, each offering up to 650 live TV channels and broadband. Our efforts are focused on harnessing the convergence of technologies, developing robust apps and creating new business models that will help the overall ecosystem, delivering the best experience to our subscribers. We hope to achieve a stronger foothold in the rural regions of the country and grow our subscriber base.”

N.K. Rouse, COO, NXT Digital Ltd

“One of the key principles of the Hinduja Group is ‘Partnership for Growth’. After 2.0 saw the launch of HITS to connect LMOs in even the most remote locations through the only satellite-based cable TV platform in India; 3.0 focuses not just on strengthening the overall ecosystem we have built, but harnessing the convergence of technologies – to be delivered through a national network of NXTHUBs. Video and broadband are only the beginning of the digital highway of services that we have developed for roll-out backed by a robust suite of innovative apps developed by service providers exclusively for our LMOs and subscribers.”

Vynsley Fernandes, MD & CEO, NXTDigital Limited

“Wireline broadband is becoming ever more important not only in connecting homes across the country but also small to large enterprises-to the digital economy. The NXTHUBs will be the perfect point-of-presence to offer broadband services to cater to these consumer needs.”

Yugal Kishore Sharma CEO, ONEOTT Intertainment Limited

Amazing and grim battle for survival. Guess it will end up in Supreme Court. All that NCLT asked Zee to do was to file a reply to Invesco petition for a EGM. Now this is getting too serious. So far Invesco has been hammered for demanding an EGM. What is Zee upto? Ofcourse my lawyer community knows better!