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Zee Entertainment Enterprises Limited (ZEEL.NS)
| Previous close | 142.70 |
| Open | 143.65 |
| Bid | 147.60 x 0 |
| Ask | 147.65 x 0 |
| Day's range | 143.10 - 149.00 |
| 52-week range | 138.00 - 299.70 |
| Volume | |
| Avg. volume | 25,027,056 |
| Market cap | 141.773B |
| Beta (5Y monthly) | 0.75 |
| PE ratio (TTM) | 125.08 |
| EPS (TTM) | 1.18 |
| Earnings date | 23 May 2024 - 27 May 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 15 Sept 2022 |
| 1y target est | 183.05 |
- Reuters SG
Deals of the day-Mergers and acquisitions
** Envestnet, a U.S. software vendor with a market value of about $3.5 billion, is exploring options that could include a potential sale after receiving takeover interest, people familiar with the matter said. ** Lufthansa's new remedies on its ITA Airways stake buy are not markedly different from an earlier package rejected by EU antitrust regulators which have also discounted Ryanair as a rival in its scrutiny of the deal, people familiar with the matter said.
ReutersZee withdraws Sony merger application from India company tribunal
Zee Entertainment Enterprises said on Tuesday it was withdrawing an application filed with an Indian company tribunal that was aimed at forcing Sony to merge its India unit with the company. The decision to withdraw the application, which was filed in January, will enable the company to "aggressively pursue" all its claims against Sony in the ongoing arbitration proceedings at the Singapore International Arbitration Center (SICA) and in other forums, Zee said in an exchange filing. Sony scrapped the $10 billion merger of its Indian arm with Zee Entertainment in January, in part because Zee failed to meet some financial terms of the deal and come up with a plan to address them.
- Reuters
UPDATE 2-India's Zee to trim 15% of workforce in structural overhaul
Indian broadcaster Zee Entertainment will cut 15% of its workforce, it said on Friday, in its latest bid to trim costs. Zee has had two major deals fail in recent months - a $10 billion merger with Sony India and a $1.4 billion cricket broadcasting deal with Walt Disney. Its cash reserves also fell to 2.48 billion rupees in the six months ended Sept. 30, from 5.88 billion rupees a year earlier.
