Zee Entertainment Enterprises Ltd Share Price – NSE  / BSE

Entertainment, Small Cap

Zee Entertainment Enterprises Ltd fell for a fifth straight session today. The stock is quoting at Rs 133.98, down 0.33% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.15% on the day, quoting at 24890.1. The Sensex is at 81404.52, up 0.27%.Zee Entertainment Enterprises Ltd has eased around 1.54% in last one month.Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has eased around 0.56% in last one month and is currently quoting at 2059.9, down 0.63% on the day. The volume in the stock stood at 49.91 lakh shares today, compared to the daily average of 173.49 lakh shares in last one month.

The PE of the stock is 23.25 based on TTM earnings ending June 24.

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Zee Entertainment Enterprises has appointed Shiva Chinnasamy is appointed as the Chief Technology & Product Officer, designated as Senior Management Personnel of the Company with effect from 02 September 2024.

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The company will settle all disputes related to the transaction documents entered into with CMEPL and BEPL regarding the Scheme. All parties will mutually terminate these agreements and release each other from any and all claims related to the transaction documents.

The parties will jointly apply to the Singapore International ArbitrationCentre (SIAC) to withdraw and relinquish all claims related to the transaction documents, including the $90 million termination fee, damages, transaction costs, litigation costs, and other incurred expenses.

The companies will also withdraw the respective composite schemes of arrangement from the NCLT and inform the relevant regulatory authorities.

Under the terms of the settlement, none of the parties will have any outstanding or continuing obligations or liabilities to the other. The settlement stems from a mutual understanding between the companies to independently pursue future growth opportunities with a renewed purpose and focus on the evolving media & entertainment landscape, signifying the definitive conclusion of all disputes.

On 21 December 2021, ZEEL inked a merger co-operation agreement (MCA) with Culver Max and BEPL in relation to the composite scheme of arrangement, which was approved by the Mumbai bench of the National Company Law Tribunal (NCLT).

The merger would have created a $10 billion media giant with the financial muscle to take on global powerhouses Netflix Inc. and Amazon.com Inc.

ZEEL is a media & entertainment company offering entertainment content to diverse audiences. It is present across broadcasting, movies, music, digital, live entertainment, and theatre businesses, both within India and overseas.

The company reported a consolidated net profit (from continuing operations) of Rs 125.66 crore in Q1 FY25, steeply higher than Rs 3.87 crore in Q1 FY24. Revenue from operations declined 6.89% to Rs 1,983.80 crore in Q1 FY25 as compared with Rs 2,130.53crore recorded in Q1 FY24.

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Zee Entertainment Enterprises Ltd rose for a fifth straight session today. The stock is quoting at Rs 140.21, up 0.65% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.22% on the day, quoting at 24824.75. The Sensex is at 81098.08, up 0.24%. Zee Entertainment Enterprises Ltd has added around 4.08% in last one month.

Meanwhile, Nifty Media index of which Zee Entertainment Enterprises Ltd is a constituent, has added around 6.47% in last one month and is currently quoting at 2100.05, up 0.2% on the day. The volume in the stock stood at 41.9 lakh shares today, compared to the daily average of 140.51 lakh shares in last one month.

The PE of the stock is 24.11 based on TTM earnings ending June 24.

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