Zee Entertainment

** Shares of India's Zee Entertainment ZEE.NS fall as much as 14.4% to 86.90 rupees, lowest since May 27; last down 7.8%

** Creditors to Zee founder Subhash Chandra oppose repayment plan approved by National Company Law Tribunal for personal insolvency case, as per ET media report

** Dissenting creditors say 5 entities which voted in the insolvency proceedings were linked to Chandra's family, controlling 61.78% of voting share, as per ET report

** Plan would involve Chandra paying 65 million rupees ($682,522.18) against claims of 220.07 billion rupees, as per NDTV report

** Dissenting lenders include HDFC Bank HDBK.NS, Canara Bank CNBK.NS, LIC Housing Finance LICH.NS

** Zee Entertainment did not immediately respond to Reuters' request for comment

** More than 100.1 mln shares traded by 3:01 PM, 3.3x the 30-day avg

** Stock up 4% YTD

($1 = 95.2350 Indian rupees)

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

Zee Entertainment Enterprises allotted 20,94,47,805 fully convertible warrants to Sunbright Mauritius Investments Limited, a promoter-group entity, at ₹126 each on August 21. The company received ₹659.76 crore, representing the 25% subscription payment, while the remaining 75% would be payable if the warrants were exercised. Each warrant could be converted into one equity share within 18 months, which would give Sunbright a 17.90% holding on a fully diluted basis, assuming all currently outstanding company warrants were converted. The allotment followed shareholder approval at the July 31 extraordinary general meeting, exchange in-principle approvals dated July 27 and an August 14 Securities Appellate Tribunal order. Zee said its paid-up share capital did not change at this stage.

Powered by Tijori

Zee Entertainment said the Securities Appellate Tribunal had granted a partial stay on SEBI’s July 31 order, allowing the company and Punit Goenka to complete the issue of fully convertible warrants to a promoter-group entity, subject to both depositing their full penalties within a week. The tribunal kept the securities-market debarment in force except for the warrant process, extended the issue deadline by one week and permitted ordinary-course mutual-fund transactions, excluding payment of the proposed dividend. The proposal represented an investment of about ₹3,100 crore and had been approved by 76.64% of non-promoter shareholders. Zee Entertainment had cash and treasury of ₹2,211 crore after redeeming its FCCBs, against FY26 revenue from operations of about ₹8,099 crore.

Powered by Tijori

BENGALURU, Aug 14 (Reuters) - An Indian appeals tribunal granted Zee Entertainment ZEE.NS partial relief from a securities market ban on Friday, allowing the television broadcaster to proceed with a fundraise through an issue of warrants.

Here are some details:

• The Securities Appellate Tribunal, which hears appeals against orders passed by the Securities and Exchange Board of India, allowed Zee to issue fully convertible warrants to a promoter group entity on a preferential basis, an order showed

• Shares of Zee ended 5.7% higher on Friday

• In July, SEBI barred Zee from the securities markets for two months, and CEO Punit Goenka and Founder-Chairman Emeritus Subhash Chandra for a year

• Last month, Zee approved the issue of convertible warrants worth 31.44 billion rupees ($329.5 million)

• The tribunal said the company's debarment from the securities markets would continue apart from the limited permission to complete the warrant issue

• The tribunal also extended by a week the deadline for the warrant issue, which was due to expire on August 14

($1 = 95.4250 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Mrigank Dhaniwala)

(([email protected];))

Aug 10 (Reuters) - Zee Entertainment Enterprises Limited ZEE.NS:

• ZEE ENTERTAINMENT JUNE-QUARTER CONSOL NET PROFIT 763 MILLION RUPEES

• ZEE ENTERTAINMENT JUNE-QUARTER CONSOL TOTAL INCOME 19.39 BILLION RUPEES

Source text: [ID:]

Further company coverage: ZEE.NS

(([email protected];;))

** Shares of India's Zee Entertainment ZEE.NS tumble as much as 12.38% to 100.37 rupees, their lowest since November 4, 2025

** India's markets regulator on Friday imposed penalties totaling 14.8 million rupees ($155,486) on co, CEO Punit Goenka and founder-chairman emeritus Subhash Chandra

** Regulator says Zee's land was used as collateral for loans taken by promoter-linked entities without proper approvals or disclosures

** Zee Entertainment is seeking legal advice on the order and will take measures in accordance with the law to protect stakeholders' interests, a company spokesperson said

** YTD stock up 13.27%

($1 = 95.1850 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

SEBI barred Zee Entertainment Enterprises from the securities market for two months and prohibited its promoter Subhash Chandra and former managing director Punit Goenka for twelve months each, following a final order in the matter of the unauthorised pledge of the company's Hyderabad land. The regulator found that the company's property was deployed as security for loans taken by promoter-linked borrowing entities without board or audit-committee approval, and that the true nature of the transaction was concealed from auditors and investors. Penalties of ₹30 lakh, ₹58 lakh and ₹60 lakh were imposed on the company, Mr Goenka and Mr Chandra respectively. The 2018 property deal came to light through missing title deeds flagged by the company's auditors, and the deeds were only released in June 2020. The company said it is evaluating the order with its legal advisers. Zee has been pursuing a turnaround, with digital arm ZEE5 turning EBITDA positive in FY26 and a preferential warrant issue to the promoter group approved in July.

Powered by Tijori

Zee Entertainment's shareholders approved the issue of 24.94 crore warrants to a promoter group entity at Rs. 126 apiece, raising Rs. 3,143.5 crore and lifting promoter shareholding to 23.79%. The approvals came at an extraordinary general meeting held on 31 July, together with a 'Truly Yours' employee stock option plan covering 3.74 crore options. Zee has carried a negligible promoter stake for years and was net cash positive as of March 2026, with about Rs. 2,760 crore in cash and treasury investments. Its digital platform ZEE5 turned EBITDA positive in FY26, while linear television advertising remained soft through the year.

Powered by Tijori

July 31 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:

• ZEE ENTERTAINMENT - SHAREHOLDERS APPROVE ISSUE OF WARRANTS TO PROMOTER GROUP ENTITY ON PREFERENTIAL BASIS

Source text: [ID:]

Further company coverage: ZEE.NS

(([email protected];))

** Shares of Zee Entertainment ZEE.NS rise 2.6% to 103.95 rupees

** Indian broadcaster says the Reserve Bank of India has approved its application to redeem outstanding foreign currency convertible bonds worth $23.9 million

** RBI also approves cancellation of an unutilized commitment of $215.1 million - co

** Thirteen analysts have a "hold" rating on ZEE on avg; median PT is 100 rupees - data compiled by LSEG

** YTD, ZEE up 15%

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

** Shares of Zee Entertainment Enterprises ZEE.NS fall 3.2% to 104.79 rupees

** Broadcaster approves issue of warrants aggregating up to 31.44 bln rupees ($331.1 mln) on a preferential basis to promoter Sunbright Mauritius Investments

** To issue up to 249.5 mln warrants at 126 rupees each

** YTD, ZEE up nearly 17%

($1 = 94.9600 Indian rupees)

(Reporting by Vijay Malkar)

(([email protected];))

Zee Entertainment Enterprises' board approved issuing up to 24.95 crore fully convertible warrants to promoter group entity Sunbright Mauritius Investments at ₹126 each, aggregating ₹3,143.51 crore. The warrants are convertible into equity shares at the same price within 18 months, with 25% paid upfront. The issue would dilute existing shareholders by up to 20% on a fully diluted basis. The price represents an 11.86% premium to the SEBI floor price and a 16.33% premium to Tuesday's closing market price. The company will seek shareholder approval for the preferential issue. The board also approved an employee stock option plan covering up to 3.74 crore shares at the same ₹126 exercise price.

Powered by Tijori

** Shares of Zee Entertainment Enterprises ZEE.NS rise 4% to 107.7 rupees, their biggest intraday pct-gain in ~3 weeks

** Broadcaster received govt approval for a 4.18 billion rupees ($44.13 million) investment from an Invesco-managed fund, the Economic Times reports citing govt data; investment would mark Invesco's return as shareholder after ~3 years

** Co has not disclosed the reported investment; NSE sought clarification

** Separately, ZEE's board will today decide on mode of the 23 billion rupees fund raise it approved last month

** Stock rated "hold" on avg; median PT 100 rupees - data compiled by LSEG

** Stock up 19.8% YTD

($1 = 94.7250 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

June 25 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:

• ZEE ENTERTAINMENT - TO CONSIDER FUND RAISING VIA EQUITY OR CONVERTIBLE SECURITIES ON JULY 1, 2026

Source text: ID:nBSE83ZWM5

Further company coverage: ZEE.NS

(([email protected];))

** Brokerage CLSA says Zee's ZEE.NS OTT service Z5 has seen weekly active users double to a record 27 mln since the Fifa World Cup began

** Says Zee's surge in Z5 and viewership will aid revenue, offsetting rights costs estimated at under $60 mln over eight years, adding upside to growth forecasts

** Maintains "outperform" rating on stock, with PT at 125 rupees, implying 8% upside to last close

** Says Z5 has been the most downloaded OTT in the past two weeks despite premium subscription monetisation for World Cup content

** Shares of the satellite television and digital media operator were down about 1% to 114.63 rupees

** 6 of 13 brokerages rate the stock "buy" or higher, 2 "hold" and 5 "sell" or lower; their median PT is 100 rupees

** YTD, ZEE up 28%

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

** Shares of Zee Entertainment Enterprises ZEE.NS rise 2.3% to 105.3 rupees, snapping a three-day losing streak

** Broadcaster to raise 23 billion rupees ($241.4 million) to fund strategic and business initiatives

** Zee, which did not disclose how it would raise the funds, said it would deliberate on options

** Stock rated "hold" on avg, median PT 109.5 rupees - data compiled by LSEG

** Stock up 17% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Zee Entertainment Enterprises said its board has approved raising at least Rs 2,300 crore in one or more phases to fund strategic initiatives. The board, which met on June 10, will deliberate further on the specific options for raising the capital. The company did not disclose whether the funds would be raised through equity, debt or a hybrid instrument. The announcement follows an earlier intimation that the board would consider fundraising at this meeting. The capital raise is equivalent to about 22% of the company's current market capitalisation.

Powered by Tijori

June 10 - Indian television broadcaster Zee Entertainment ZEE.NS said on Wednesday that it would raise 23 billion rupees ($241.43 million) to fund its strategic and business initiatives.

($1 = 95.2650 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru; Editing by Sonia Cheema)

(([email protected]))

** Shares of Zee Entertainment Enterprises ZEE.NS rise as much 4.4% to 117.20 rupees, set to gain for fourth straight session

** TV Broadcasting co's board to meet on Wednesday to consider raising funds via issue of shares or other securities through private placement, preferential issue, or any other method

** ZEE rose in the past two sessions after it partnered with FIFA to broadcast the 2026 Football World Cup in India

** Trading vols over 2x the 30-day average at 83.5 mln shares so far

** YTD, ZEE up ~27%

(Reporting by Vijay Malkar)

(([email protected];))

** Shares of Zee Entertainment Enterprises ZEE.NS rise 5% to 109.5 rupees, their highest level since October 16, 2025

** For the week, the broadcaster has jumped nearly 18% so far, its biggest weekly gain since September 2021

** Jump comes after co partners with FIFA to broadcast the 2026 Football World Cup in India, with the deal also covering 39 FIFA tournaments from 2026 to 2034, including the 2030 World Cup

** ZEE sees its busiest week in terms of volumes since January 2024

** Stock up 21.5% so far in 2026

(Reporting by Nishit Navin in Bengaluru)

(([email protected]))

** Shares of India's Zee Entertainment ZEE.NS jump as much as about 7.2% to 99.80 rupees; last up 4.44%

** Co partners with FIFA to broadcast the 2026 Football World Cup in India

** Deal also covers 39 FIFA tournaments from 2026 to 2034, including the 2030 FIFA World Cup

** Trading volumes over 3x the 30-day average of 22.9 million shares

** ZEE rated "hold" on average by 13 analysts, median PT: 109.50 rupees - data compiled by LSEG

** YTD, ZEE stock up around 10.1%

(Reporting by Bipasha Dey in Bengaluru)

(([email protected];))

** Shares of Zee Entertainment ZEE.NS rise as much as 2.4% to 84.75 rupees

** Broadcaster said its in talks with FIFA to stream and broadcast the 2026 World Cup in the country

** The announcement, which provided no financial details, comes as talks between a Reliance RELI.NS-Disney DIS.N joint venture and the football body are at a deadlock, just weeks before the tournament kicks off on June 11

** ZEE disclosed its talks as part of its launch of Unite8 Sports, a dedicated portfolio of sports channels to strengthen its sports offerings to consumers

** Thirteen analysts have a "hold" rating on avg on the shares; median PT is 109.5 rupees - data compiled by LSEG

** YTD, down ~7%

(Reporting by Urvi Dugar in Bengaluru)

(([email protected];))

May 26 (Reuters) - India's Zee Entertainment ZEE.NS is in talks with the Fédération Internationale de Football Association (FIFA) to stream the 2026 World Cup in the country, the company said on Tuesday.

(Reporting by Abhirami G in Bengaluru
Editing by David Goodman
)

(([email protected]))

** Shares of Zee Entertainment Enterprises ZEE.NS down 4.1% to 84.1 rupees

** Broadcaster posts March-qtr consol net loss of 1.02 billion rupees vs profit of 1.88 billion rupees a year ago

** CFO and Deputy CEO Mukund Galgali attributed the poor performance to advertising revenues being "severely impacted" by the Middle East conflict, as advertisers reduced spending near quarter-end

** Motilal Oswal ("Neutral"; PT: 80 rupees) called the quarter a "dismal end to a subdued FY26"

** Says that continued FMCG ad spending slowdown is weighing on domestic revenue, with ad recovery key to any valuation re-rating

** Cuts adjusted PAT for FY27-28E by 5-6%

** Stock rated as "Buy" on average by 13 analysts; median PT at 111 rupees

** YTD, stock down 6.5%

(Reporting by Mridula Kumar in Bengaluru)

(([email protected];))

May 19 (Reuters) - India's Zee Entertainment Enterprises ZEE.NS reported a quarterly loss on Tuesday, as weak advertising demand and higher expenses pressured margins.

Zee, which runs channels including ZeeTV, ZeeCinema and streaming platform Zee5, reported a consolidated net loss of 1.02 billion rupees ($10.57 million) for the January-March period, from a profit of 1.88 billion rupees a year ago.

Zee's advertising revenue, which accounts for nearly 40% of the total, fell 3.5% in the quarter, as the Middle East crisis hurt ad spending in March.

Advertisements are typically the biggest source of revenue for broadcasters.

Muted demand likely kept Zee’s ad revenue under pressure during the quarter, analysts at Elara Capital said in a pre-earnings note, even as the broadcaster continued investing in content and digital platforms.

Expenses rose 19.6%, driven by a 17% increase in operational costs after Zee recognised higher charges related to movie and content rights following changes in accounting estimates.

Advertising and publicity costs surged 44% due to higher spending on content launches, including KidZ, and increased legal expenses.

Meanwhile, Zee's subscription revenue rose nearly 4%, supported by user growth in its digital platform and higher average revenue per user.

The company's overall revenue declined 5.4%.

Core losses in Zee5 narrowed to 84 million rupees from 753 million rupees a year ago, while revenue rose 71% to 4.7 billion rupees as the service saw an increase in the number of paying subscribers.

Peer Sun TV SUTV.NS will report its quarterly results on Thursday.

($1 = 96.5325 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Eileen Soreng)

(([email protected]))

By Aditya Kalra

NEW DELHI, May 15 (Reuters) - India's JioStar, the TV and online entertainment venture of Reliance and Walt Disney, has initiated legal measures against rival Zee Entertainment for alleged unauthorised broadcast of Bollywood films it has the rights to, documents show.

Billionaire Mukesh Ambani's JioStar is the No. 1 player in India's vibrant $30 billion media and entertainment industry, while Zee ZEE.NS, one of India's oldest media groups, is a smaller rival. They are already locked in a $1 billion arbitration in London over a collapsed cricket licensing deal in 2024.

In April, Zee sued JioStar in a Delhi court for unauthorised use of its copyrighted ‌music. In an apparent tit-for-tat move, JioStar filed a case on May 4 with a legal mediation committee challenging Zee's broadcast of some Bollywood movies last year even though their rights at the time vested with the Reliance-led entity, according to legal documents reviewed by Reuters.

JioStar alleges Zee telecast 12 distinct films around 20 times, including some blockbusters starring popular Bollywood film actors like Shah Rukh Khan and Aamir Khan.

Zee "is a habitual infringer", JioStar said in its 120-page plea, accusing Zee of continuing to "engage in the unauthorised broadcast and exploitation of the films".

The filing has not been reported previously.

The plea was filed at the Delhi High Court Legal Services Committee, which provides a dispute resolution mechanism aimed at amicable settlements. If it is unresolved, JioStar could escalate the case to a court.

The documents said the committee has asked Zee to appear before it on May 25, adding that a failure to do so will be considered a refusal to participate in the mediation.

JioStar, formed from Reliance RELI.NS and Disney's DIS.N $8.5 billion ​merger of their Indian media assets in 2024, and Zee both declined to comment.

BIG PLAYERS, MANY LEGAL NOTICES

JioStar and Zee reach hundreds of millions of viewers through scores of TV channels and a streaming platform each. Reliance says JioStar has a 34.2% market share of India's TV market, while Zee says its share is at a four-year high of 18%.

In the music case filed in April, Zee is seeking $3 million from JioStar for allegedly using its music at least 50 times after certain licensing agreements expired.

Two sources with direct knowledge said JioStar is likely to seek upwards of 250 million rupees ($2.61 million) for alleged infringement of its rights to the Bollywood films, though a number is yet to be finalised.

The Bollywood film case reached the court committee stage after the two sides exchanged more than a dozen legal notices and letters starting February 2025, documents show.

The films involved include runaway hits like the 1975 Deewaar (Wall), starring Amitabh Bachchan, and Tridev (Trinity). Jio said it has the rights to these films and Zee allegedly broadcast them without having permission to do so.

Zee said the broadcasts were "inadvertent and unintentional" and it would exercise due caution, but declined any liability for damages that Reliance was seeking.

JioStar has also accused Zee of unauthorised broadcast of Aamir Khan starrer Dangal (Wrestling Bout). The 2016 movie, based on a real-life Indian wrestler, was a big Bollywood hit and won several awards.

Zee denied any wrongdoing, and argued it had permission from the production house to broadcast the movie.

(Reporting by Aditya Kalra; Editing by Raju Gopalakrishnan)

((Email: [email protected]; X: @adityakalra;))

May 7 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:

• ZEE ENTERTAINMENT - INITIATES LITIGATION AGAINST JIOSTAR INDIA FOR MUSIC COPYRIGHT INFRINGEMENT

• ZEE ENTERTAINMENT - FILES SUIT AGAINST JIOSTAR FOR UNAUTHORIZED USE OF COPYRIGHTED SOUND RECORDINGS

• ZEE ENTERTAINMENT - CLAIMS DAMAGES OF ABOUT 287.5 MILLION RUPEES AGAINST JIOSTAR

• ZEE ENTERTAINMENT - INITIATES LITIGATION AGAINST JIOSTAR INDIA FOR MUSIC COPYRIGHT INFRINGEMENT

Source text: ID:nBSE5bGwc3

Further company coverage: ZEE.NS

(([email protected];;))

Removes extraneous million next to $1 billion figure in paragraph 5

By Aditya Kalra

NEW DELHI, May 6 (Reuters) - India's Zee Entertainment ZEE.NS has sued the Reliance-Disney joint venture, the country's biggest entertainment company, alleging it used Zee's copyrighted music after licence agreements expired, court documents show.

Zee is seeking $3 million in damages, alleging unauthorised use and exploitation of works from its music division on the Reliance-Disney streaming platform and some of its TV channels, according to previously unreported court papers seen by Reuters.

The lawsuit, filed in New Delhi and reported by Reuters for the first time, marks the latest legal clash between Zee and the group formed from Reliance and Disney's $8.5 billion merger in 2024. The dispute underscores rising tensions over content rights as India's streaming and broadcast market consolidates.

Zee and JioStar, the name of the Reliance-Disney venture led by Indian billionaire Mukesh Ambani's Reliance RELI.NS, declined to comment.

Zee and Reliance are also locked in arbitration in London, where Reliance is seeking $1 billion in damages from Zee for quitting a cricket licensing deal in 2024. Zee denies any wrongdoing and is contesting the demand.

In its 1,800-page lawsuit filed on April 14, Zee alleges that Reliance-Disney used its music at least 50 times after certain licensing agreements expired in 2024 and 2025 and were not renewed due to disagreements over commercial terms.

"The illegal exploitation thereof amounted to copyright infringement," Zee said in the filing, asking the court to stop any ongoing infringements of its music works.

JioStar owns a library of thousands of shows and broadcast rights for top sporting events across its TV channels and its streaming app JioHotstar, India's biggest with about 500 million monthly users.

Zee, one of India's oldest media groups, also has several TV channels and a streaming app, and says it owns a catalogue of more than 19,450 songs in 17 languages.

RELIANCE REJECTED DAMAGES DEMAND

The case was briefly heard on Tuesday, when the judge asked JioStar to ensure there is no ongoing infringement of Zee's works on its platforms while the matter is heard, and to comply within 15 days, according to a source with direct knowledge.

The next hearing is scheduled for July 23.

The lawsuit comes amid Zee's broader push against what it says is abuse of its music catalogue. Reuters reported on Tuesday that Zee has sued fashion-to-beauty retailer Nykaa FSNE.NS, alleging it used Zee's copyrighted songs in Instagram reels to promote products, and is seeking $210,000 in damages.

In the case against JioStar, Zee says its music was infringed across music and dance shows that appeared on TV and the streaming platform.

Court papers show Zee and JioStar have held discussions in recent months and exchanged several letters and legal notices over the disputed use of music.

In December, JioStar told Zee it had "taken extensive steps to remove any infringing content across its portfolio", including legacy programming.

However, it said residual and passive archival hosting did not amount to infringement or unlawful communication, a position Zee disputes, the documents show.

JioStar "categorically rejects" the "coercive demands" for damages, it said in a letter dated March 16, adding that it "remains open to an amicable and commercially sensible solution".

(Reporting by Aditya Kalra. Additional reporting by Munsif Vengattil and Arpan Chaturvedi. Editing by Mark Potter)

((Email: [email protected]; X: @adityakalra;))

By Aditya Kalra and Arpan Chaturvedi

NEW DELHI, May 5 (Reuters) - India's Zee Entertainment ZEE.NS has sued fashion-to-beauty retailer Nykaa FSNE.NS for allegedly using its copyrighted songs in Instagram reels to promote its products, seeking $210,000 in damages, previously unreported court documents show.

In an April 3 lawsuit filed in the Delhi High Court, Zee argued it has a licensing agreement with Meta Platforms META.O that allows individuals to use its music in Instagram posts for non-commercial use, but said Nykaa had used several of Zee's copyrighted songs in reels to promote products to millions of followers.

The lawsuit documents are not public but were reviewed by Reuters. Nykaa and Zee both declined to comment on the lawsuit.

Short-video formats have become a key advertising tool for brands on social media platforms like Meta's Instagram, often featuring popular Hindi songs as background music.

In a brief hearing on Thursday, Nykaa's lawyer told the court that the 12 links flagged by Zee had been taken down, according to a court order which has not previously been reported.

The case will next be heard on May 26.

(Reporting by Arpan Chaturvedi; Editing by Bernadette Baum)

(([email protected];))

April 17 (Reuters) - Zee Entertainment Enterprises Ltd ZEE.NS:

• TO INVEST UP TO 1.16 BILLION RUPEES IN PHANTOM DIGITAL EFFECTS CCDS

Source text: ID:nBSE4M1W3w

Further company coverage: ZEE.NS

(([email protected];;))