Latest news with #ZeeMedia
Mint
a day ago
- Business
- Mint
Zee Media share price in focus after promoter group buys 1.11 crore shares. Do you own?
Zee Media share price will remain in focus on Monday after promoter group acquired significant stake in the company. On Friday, the media company stock fell over 1.85 per cent in the early trading hours to ₹ 13.25, however, recovered quickly surging to ₹ 13.47 per share. The stock finally closed at ₹ 13.42. According to reports, AUV Innovations LLP, part of the promoter group, has made a notable acquisition in Zee Media Corporation Limited by acquiring 1,11,00,000 shares at an average price of ₹ 13.6 through open market transactions. The transaction was total valued at ₹ 1,504 lakhs. This comes after earlier purchases in May 2025, when AUV Innovations LLP acquired 2,40,000 shares on May 16, followed by another 29,60,000 shares on May 19. In total, the promoter has accumulated 1.43 crore shares through these open market transactions. Zee Media Corporation Limited declared its financial results for the January–March quarter on May 5, 2025. As per the consolidated financial statements, the company's net loss for the fourth quarter of FY 2024–25 surged by 464% year-on-year (YoY) to ₹ 36.76 crore, compared to ₹ 6.51 crore reported during the same period last year. The media company reported a 13% decline in its core operational revenue, which fell to ₹ 155.80 crore in the January–March quarter of FY 2024–25, down from ₹ 178.98 crore in the corresponding quarter last year. Meanwhile, Zee Media's total expenses for the fourth quarter rose by 6.39% year-on-year to ₹ 200.21 crore, compared to ₹ 188.17 crore in the same period of the previous fiscal. 'The Group has incurred a loss of Rs. 11,942 lakhs during the year ended 31 March, 2025 and the Working Capital stands negative as at that date. To address he same, the Group has been taking various steps including cost rationalization measures and has obtained credit period extension to discharge some of its contractual obligations,' said Zee Media Corp in the BSE filing. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
22-05-2025
- Business
- Mint
Mumbai-based DII buys stake in Zee Media Corporation. Share price edges higher
Zee Media Corporation share price traded higher on Thursday after the company announced that its promoter group entity, a Mumbai-based domestic institutional investor (DII), has acquired a stake in the company. Zee Media shares gained as much as 2.62% to ₹ 14.88 apiece on the BSE. AUV Innovations LLP, Zee Media Corporation's promoter group entity, has purchased 32 lakh equity shares of Zee Media Corporation, representing 0.51% stake in the company, in two tranches, through on-market transactions. The total value of the shares purchased is approximately ₹ 4.9 crore. '...we wish to inform you that we, AUV Innovations LLP, have acquired 2,40,000 shares on 16th May, 2025 and 29,60,000 shares on 19th May, 2025 of Zee Media Corporation Limited by way of on-market purchase of shares,' Zee Media Corporation said in a regulatory filing on May 22. On May 16, AUV Innovations LLP acquired 2.40 lakh Zee Media shares, aggregating to 0.04% equity stake in the company, worth ₹ 34,82,928. Subsequently, it also acquired 29.60 lakh shares of Zee Media Corporation worth ₹ 4,54,77,440, raising its total stake in the company to 0.51%, holding a total of 32,00,000 shares. Prior to these transactions, AUV Innovations LLP did not hold any shares of Zee Media Corporation, according to the regulatory filing. As per the latest shareholding pattern of Zee Media Corporation as on 31 March 2025, promoters held 1.62% stake in the company, while the remaining 98.38% stake is held by public shareholders. Zee Media share price gained 5.5% in one month, while the stock is down 24% on a year-to-date (YTD) basis. In the past one year, Zee Media shares have gained 5%, while it has risen 76% in two years. However, Zee Media share price has delivered multibagger returns of 180% in the past five years. At 2:55 PM, Zee Media Corporation share price was trading 0.69% higher at ₹ 14.60 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
19-05-2025
- Business
- India.com
Zee Media embraces new brand identity with purpose-driven 'Z' transformation
New Delhi: In a transformative move that reimagines the identity of India's most diverse and far-reaching news network, Zee Media Corporation Limited (ZMCL) has announced the rollout of a unified brand identity across all its national and regional news channels. This move marks a consolidated effort by the network to align its visual and editorial identity, reinforcing its commitment to credible, impactful, and citizen-centric news reporting. The new 'Z' is designed to symbolize clarity, consistency, and trust, reflecting the network's renewed focus on innovation, technological advancement, and purposeful journalism. At a time when public trust in news media is under unprecedented scrutiny and citizens are actively seeking credible, compassionate, and intelligent news reporting, Zee Media's unified identity stands as a strong reaffirmation of its core mission: to serve Bharat with unfiltered truth, purposeful journalism, and an unwavering commitment to empowering the people. The 'Z' identity is a bold and resonant symbol of unity, trust, and evolution—speaking directly to every Indian, across every language, region, and concern. 'Z' serves as a powerful reminder that news goes beyond mere headlines; it is about connecting with the heart and soul of the people. This new identity embodies Zee Media's continuous commitment not only to inform citizens but to stand alongside, reflecting their hopes, amplifying their voices, and fostering a democratic dialogue. Through this sweeping rebranding, Zee Media marks the dawn of a new era in news broadcasting where brand architecture, content, and technology seamlessly converge with clarity and purpose. The bold, modern, and emotionally intelligent design draws inspiration from India's rich and vibrant diversity while presenting a forward-looking, digital-ready aesthetic. The striking new 'Z' symbol is dynamic and alive—constantly evolving across screens and platforms, just as the nation it represents. It stands as a mark of trust, emotion, and future-readiness. Speaking on this monumental brand transformation, Mr. Karan Abhishek Singh, CEO of Zee Media Corporation Limited, said, ' For over three decades, Zee Media has been a trusted voice in Indian journalism. With the 'Z' transformation, we are reinforcing our promise to stay ahead of the curve while staying true to our roots. This evolution is designed to serve the changing needs of our audiences and stakeholders in a digital-first world. We are here not just to report news, but to shape narratives that matter, with the clarity, courage, and credibility that the 'Z' now boldly stands for.' What makes this transformation historic is the scale and inclusivity with which Zee Media has reimagined its entire news ecosystem. From flagship national channels like Zee News, Zee Business, and Zee Bharat to its regionally dominant platforms such as Zee 24 Taas, Zee 24 Kalak, Zee Uttar Pradesh Uttarakhand, Zee Bihar Jharkhand, Zee Madhya Pradesh Chhattisgarh, and beyond—every channel now proudly shares a vibrant, unified, and confident 'Z' identity. This is far more than a visual refresh; it is a fundamental reinvention of how India's most trusted news network connects with its audiences—engaging them emotionally, delivering truth with integrity, and doing so with clear purpose. At the core of this transformation lies a profound sense of responsibility and deep introspection, reflecting an honest appraisal of what Zee Media stands for today and what it aspires to become tomorrow. The unified 'Z' identity is born from this reflection and anchored in a renewed purpose: to enrich lives across the globe by creating extraordinary moments that celebrate optimism and togetherness. This compelling philosophy will now serve as the guiding light for Zee Media's editorial direction, technological innovation, and audience engagement strategies.
Hindustan Times
12-05-2025
- Sport
- Hindustan Times
Madras HC rejects News Nation's plea to review order for Dhoni's interrogatories
The Madras high court has refused to review an order permitting cricketer MS Dhoni to raise interrogatories (formal written questions) to the television channel News Nation in connection with a ₹100 crore defamation suit. Dhoni filed the suit in 2014 against News Nation and others for linking him with the Indian Premier League (IPL) match fixing controversy. On May 9, Justice AA Nakkiran dismissed News Nation's application seeking a review of the court's order granting the cricketer permission for the interrogatories. The channel claimed its former counsel inadvertently consented to the interrogatories without consulting his client. Dhoni filed the defamation suit against News Nation, Zee Media, and Indian Police Service officer Sampath Kumar over alleged malicious statements and news reports claiming he was involved in betting and fixing IPL matches in 2013. The high court earlier granted an interim injunction and restrained the TV channels. Dhoni sought the permission of another high court bench for interrogatories, a set of 17 questions, to News Nation and Zee. He called the written statement of News Nation 'generalised' and said it did not contain specific responses to the allegation raised. A single judge in 2022 allowed the plea for the interrogatories to Zee. In July 2024, another bench granted Dhoni similar permission to send the interrogatories to News Nation after the channel's counsel gave a 'no objection'. On May 9, the counsel for News Nation claimed that the previous lawyer, who had appeared for the channel, failed to consult his client and had inadvertently given the no objection. News Nation sought a review of the single judge's order. Senior counsel PR Raman, who appeared for Dhoni, argued that the single judge's order cannot be reviewed unless it suffered from a material error. Raman pointed out that Zee also filed an appeal against the order allowing Dhoni to deliver interrogatories. In August 2023, the bench of justices R Mahadevan and Mohammed Shaffiq dismissed Zee's petition and upheld the single judge's order. Raman said News Nation's plea for review must be dismissed. Justice Nakkiran said an interrogatory can be struck down only if it is unreasonable, vexatious, or was prolix, oppressive, unnecessary. or scandalous. He added the division bench's order upholding Dhoni's right to deliver interrogatories to the respondent news channels in his defamation suit meant the interrogatories were not vexatious. Justice Nakkiran said, therefore, News Nation's present plea deserved to be dismissed. 'The learned counsel for the applicant has contended that the previous counsel had made submissions without getting instructions from the applicant. It is not a valid ground to review the said application. Further, in the instant case, the learned counsel appearing for the applicant has not pointed out any mistake or error apparent on the face of the record,' the court said while dismissing the petition. The court granted an interim injunction and restrained Zee, Kumar, and others from making defamatory statements against Dhoni. Subsequently, Zee and the others filed their written statements in response to the defamation suit. Dhoni filed an application claiming that Kumar made further defamatory statements in his written submissions, and prayed for contempt of court proceedings. The high court sentenced Kumar to 15 days of imprisonment for contempt. The Supreme Court stayed the sentence.
New Indian Express
10-05-2025
- Politics
- New Indian Express
Dhoni's Rs 100 crore libel suit: Madras HC refuses relief to TV channel
CHENNAI: The Madras High Court has refused to review an earlier order of the court permitting renowned cricketer MS Dhoni to raise interrogatories to the television channel News Nation in connection with a Rs 100 crore defamation suit, which he filed in 2014 against News Nation, Zee Media and retired IPS officer G Sampath Kumar for linking him with the IPL match fixing controversy. Justice AA Nakkiran passed the order on Friday to dismiss the application filed by News Nation. The TV channel had filed the application praying for reviewing the order passed in 2022 on the ground that the then counsel, without getting any instructions, inadvertently gave no objection for Dhoni to deliver the interrogatories (questionnaire), requiring answers on facts of evidence. The counsel currently appearing for News Nation also submitted that the application has a good cause on merits against the application filed by Dhoni, seeking deliverance of interrogatories as it is an abuse of process of law. It was filed with a sole motive of prolonging the trial, counsel said. He told the court that the nature of the interrogatories to be served to each of the defendants in the suit are different, and each of the application by Dhoni shall be decided on its own merits. However, Dhoni's counsel submitted that the review is not maintainable unless there is an oversight on the face of the order or it undermines its soundness or results in miscarriage of justice. Citing a division bench's order rejecting an application filed by the respondents in the defamation suit seeking to strike out the interrogatories, Justice Nakkiran held that in view of the observations of the division bench, the review application 'is not at all maintainable.'
