The National Stock Exchange (NSE) has withdrawn decision to drop Zee Entertainment Enterprises (ZEEL) from F&O segment. It would include ZEEL back into the futures and options segment. This comes after the National Company Law Appellate Tribunal (NCLAT) stayed insolvency proceeding against Zee Entertainment.
The matter pertains to a default of Rs 89 crore by Essel Group's multisystem operator arm Siti Networks claimed by IndusInd Bank, for which ZEEL was a guarantor. The NCLAT order is a major reprieve for ZEEL, which is merging with rival Culver Max Entertainment, formerly known as Sony Pictures Networks India.
Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.
Company Name | CMP |
---|---|
Zee Entertainment | 128.15 |
Sun TV Network | 808.45 |
GTPL Hathway | 168.20 |
TV18 Broadcast | 45.98 |
Den Networks | 54.68 |
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