Latest news with #SubhashChandra
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Business Standard
6 days ago
- Business
- Business Standard
ZEEL surges 10% in weak market, up 49% thus far in June quarter; check why
Zee Entertainment Enterprises Ltd (ZEEL) share price today Shares of Zee Entertainment Enterprises Ltd (ZEEL) hit a 10-month high of ₹146.45 as they rallied 10 per cent on the BSE in Monday's intra-day trade amid heavy volumes in an otherwise weak market. The stock price of the TV broadcasting & software production company was trading at its highest level since August 2024. It had hit a 52-week high of ₹163.90 on July 16, 2024. Thus far in the June quarter, the stock price of ZEEL has appreciated by 49 per cent. At 10:56 AM; ZEEL was quoting 9.6 per cent higher at ₹145.65, as compared to 0.8 per cent decline in the BSE Sensex. The average trading volumes at the counter more-than-doubled, with a combined 52.76 million shares changing hands on the NSE and BSE. What's driving ZEEL stock price? The promoter group of ZEEL is raising its stake in the company to 18.39 percent, up from 4.28 percent. The company's board of dDirectors approved the enhancement of promoter shareholding by issuance of upto 169.5 million fully convertible warrants to the promoter group entities on a preferential basis, at ₹132 per warrant aggregating to ₹2,237.4 crore. The preferential issue is subject to shareholders' approval. In line with its strategic ambitions for the future, ZEEL is taking necessary steps to identify and invest in new avenues for growth and capitalize on the emerging opportunities. The board believes that the steps being taken by the company will enable it to remain well-poised for future investments by further strengthening its balance sheet with access to significant growth capital. Additionally, the infusion of funds from the promoters will enable the company to further fortify its core business segments and strengthen its financial foundation to explore value-accretive growth opportunities in the evolving Media & Entertainment landscape. Meanwhile, according to media reports, the promoters of ZEEL, Subhash Chandra and his family, are expected to recover through the Essel group around ₹1,300 crore in one year from various parties who owe money to them. ZEEL in investor presentation, released on Sunday, June 23, highlighted that the 'Z' to create a significant cash reserve in order to compete effectively with the competitor and to act proactively to address any rapid market shift. The company has to enhance its digital offerings in a profitable manner both domestically and internationally without going beyond content ecosystem. For growth initiatives the company said it is developing new business verticals to expand its target audience and augment revenue streams. Micro dramas, UGC, Live Events, Edutainment, Emerging Sports, etc. the company is developing new distribution business model to capture and retain a larger pool of eyeballs. The capital deployed in the growth initiatives will be aimed at enhancing the profitability of the company in next 3 years and surpass the highest EPS delivered by the company on enhanced capital base, the company said. Motilal Oswal Financial Services view on ZEEL ZEEL aims to deliver revenue CAGR of 8-10 per cent with its current portfolio and improve EBITDA margins to an industry-leading range of 18-20 per cent by FY26. The brokerage firm believes that a sustainable recovery in ad revenue remains key to achieving these aspirations and driving a potential re-rating of multiples. 'Our earnings estimates are unchanged as we await more clarity on the use of promoter fund infusion (~₹ 2,200 crore) and FCCBs (~₹ 2,000 crore). However, the fund infusion will provide ZEEL with enough firepower to improve its competitive position in the industry,' Motilal Oswal Financial Services said. As noted earlier, Zee's valuations have turned attractive. However, a sustained recovery in domestic advertisement revenue and a favorable outcome in ongoing litigation for ICC rights with Star remain key for rerating, the brokerage firm said.
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Business Standard
19-06-2025
- Business
- Business Standard
Chandra, family to recover ₹1,300 cr in one year to fund investment in ZEEL
Essel Group promoters expect to recover dues and invest Rs 2,237 crore through convertible warrants, potentially increasing stake in ZEEL to 18.39 per cent New Delhi Listen to This Article The promoters of Zee Entertainment Enterprises Ltd (ZEEL), Subhash Chandra and his family, are expected to recover through the Essel group around ₹1,300 crore in one year from various parties who owe money to them, according to a source close to the family office. The source added that ZEEL's promoters, who are also the founders of the company, have already received confirmations from various parties indebted to them. So far, the promoters have recovered ₹800 crore, mainly from three sources: a municipality corporation in Maharashtra, a public sector unit in Haryana, and another public sector unit in Madhya Pradesh. The
Time of India
17-06-2025
- Business
- Time of India
Zee to raise Rs 2,200 crore from promoter group entities
MUMBAI: In its first major fundraising effort since the collapse of its merger with Sony Pictures India, will raise Rs 2,237 crore from its promoters to finance its growth plans. The company plans to issue up to 16.95 crore convertible warrants at Rs 132 each to Altilis Technologies and Sunbright Mauritius Investments, companies owned by promoters Subhash Chandra and his family, in one or more tranches. Tired of too many ads? go ad free now Once the warrants are converted into equity within 18 months from the date of allotment, Subhash Chandra and his family's ownership in the broadcaster will increase significantly to 18.39% from 3.99% as of March-end 2025. This will be an important event in Zee's history as the founding family strengthens its control over the company, which has faced takeover threats in the past. The method by which the family is raising Rs 2,237 crore has not been disclosed. Zee's fund-raising initiative comes at a time when it is working to stabilise operations and focus on digital growth after implementing various strategies such as cost-cutting, staff reductions, and investment in new content following the fallout from last year's failed merger with Sony Pictures India. Zee is now looking to build its core business and invest in emerging segments like micro-drama app Bullet. The company has scheduled a shareholder meeting on July 10 to seek approval for the issuance of warrants to its promoters. The warrants are priced higher than the regulatory price of Rs 128.58 each, with the current Zee stock trading at Rs 138 per share. This fundraising plan follows a review of Zee's growth strategies by investment bank JP Morgan, which presented various strategic alternatives to augment and strengthen the company's balance sheet. After considering these alternatives, Zee's board approved the issuance of upto 16.95 crore convertible warrants to promoter group entities on a preferential basis at Rs 132 per warrant. Tired of too many ads? go ad free now Shubham Shree, representing the promoter group, said: "The promoters submitted their desire to enhance their shareholding to the board on May 1 when the stock price was at Rs 106.35. However, they remain committed to the company and its business even at the higher price (of Rs 132 per warrant)."
Mint
16-06-2025
- Business
- Mint
Zee promoters to raise stake via ₹2,237 crore preferential issue
The promoters of Zee Entertainment Enterprises Ltd are set to increase their stake in the company to 18.39% through a preferential allotment of fully convertible warrants worth ₹ 2,237.4 crore, as the media firm looks to shore up its financial foundation and accelerate its pivot to a content-tech-led growth strategy. The Zee board, after two rounds of meetings on Sunday, approved the issuance of up to 16.95 crore warrants to promoter group entities at ₹ 132 per warrant, higher than the regulatory floor price of ₹ 128.58, according to a company statement. The promoter group, led by Subhash Chandra, currently owns 4.28%. Investment bank JP Morgan had earlier presented strategic alternatives and reviewed Zee's medium-term growth initiatives. The move, subject to shareholder approval, aims to equip the company with long-term capital to fund its diversification and digital bets. It comes even as Zee continues to battle sluggish stock performance and navigates the fallout of its failed merger with Sony. The warrant issue marks the first major promoter-led capital infusion into Zee in several years. The promoters had submitted their intent to enhance shareholding on 1 May, when the stock traded at ₹ 106.35, the company disclosed. R. Gopalan, chairman of ZEEL, said the move will not only 'enhance the promoter shareholding' but also 'ensure their added motivation to work in line with the enhanced business plan.' He said the infusion will bolster Zee's balance sheet as it executes new strategic initiatives in the evolving media and entertainment space. Shubham Shree, representing the promoter group, reaffirmed their commitment despite the higher pricing. 'The promoters are committed to the company and its business even at this higher price.' Zee recently announced an investment in micro-drama app 'Bullet' and has launched three new subsidiaries to diversify its operations. In a May investor presentation, the company outlined its aim to become a content and technology powerhouse.
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India.com
05-06-2025
- General
- India.com
This Environment Day, Be A Little More Kind To The Earth
World Environment Day is celebrated annually on June 5 to raise awareness about environmental issues and promote sustainable living. In 2025, it is being observed on Thursday, June 5. Dr Subhash Chandra, Former Rajya Sabha MP, shared his thoughts on the occasion of World Environment Day through a video: "It's just one wrapper... right? Just one straw, one bottle, one careless move. But what if... it's never 'just one'? That one piece becomes part of the soil, seeps into the ocean, and breaks into tiny pieces, too small to see but too real to ignore. We don't throw it away; we throw it somewhere. 3.5 billion years ago, tiny, invisible beings called cyanobacteria created oxygen. They didn't shout; they just gave us breath." He further added, "We exist because of something we can't even see. We are not outside creatures; we are made of it. The breath you take in, your smallest choice — it goes through the entire web of life." "This Environment Day, don't try to be perfect; just be aware. Be a little more kind to the Earth, to others, to the invisible thread that connects us all," said Dr Chandra. Watch Video Here History of World Environment Day The United Nations Conference on the Human Environment, which took place from June 5 to June 16, 1972, marked the beginning of World Environment Day. The conference aimed to address growing concerns about the impact of human activities on the environment. Since then, June 5 has been designated as World Environment Day, with the first celebration held in 1973. Significance of World Environment Day The day serves as a global platform for: - Raising Awareness: Highlighting emerging environmental concerns and crises, such as climate change, deforestation, and pollution. - Promoting Sustainability: Encouraging sustainable development and recognizing the importance of environmental issues. - Encouraging Action: Inspiring individuals, communities, and governments to take action in protecting the environment. World Environment Day 2025 serves as a reminder of the importance of protecting our planet and promoting sustainable living. By working together, we can make a significant impact in reducing environmental pollution and preserving natural resources for future generations.
