The decision comes after the board approved enhanced performance targets for Goenka, including quarterly consolidated revenue and EBITDA goals for the next four quarters starting October
Read MoreNCLAT acknowledges settlement-driven withdrawal, officially closing the chapter on the once-promising Zee-Sony media merger
Read More"The arbitration is at its initial stage and the LCIA Arbitral Tribunal is yet to determine if the Company is liable in any manner," said Zee Entertainment
Read MoreBoth companies agreed to withdraw all claims from arbitration at the Singapore International Arbitration Centre and other legal proceedings
Read MoreCiting SEBI Chairperson as a key obstacle in the failed Zee-Sony merger, Dr Chandra plans court action and questions the integrity of the regulatory process
Read MoreUnder the terms of the settlement, none of the parties will have any outstanding or continuing obligations or liabilities to the other
Read MoreThe company states that it will "enhance its strategic flexibility to pursue future growth opportunities in the evolving media landscape" with the use of the money
Read MoreEarlier this week, Zee revealed via a regulatory filing that it had spent Rs 432 crore on the failed merger between 2022-23 and 2023-24
Read MoreThe firm incurred merger-related costs of Rs 256 crore in 2023–24 and Rs 176 crore in 2022–23, according to the documents
Read MoreThe broadcaster's advertising revenue stood at Rs 1,110.2 crore against Rs 1005.8 crore in Q4 FY23, reporting a 10 per cent growth YoY
Read More