ZEEL Q1FY21 : Band-aid on something that needs stitches

Q1 FY21 results of Zee entertainment was an exercise by management in trying to shore up investor confidence in governance and give some straws of hope to the few bullish analyst and investors to hang on. Governance building measures: Isn’t good faith enough? Company committed to Qtrly disclosures of balance sheet and Zee5 data along [...]

ZEEL Stake sale- Financial or Strategic Partner. Which Augurs better?

Zee stake sale of upto 50% of promoters holding is likely to be concluded soon as per promoter’s statements in investor concall and on an interview with CNBC. https://www.cnbctv18.com/videos/business/zee-entertainment-stake-sale-to-conclude-by-early-july-says-ceo-punit-goenka-3489961.htm Also, the promoters mentioned that they have one binding agreement and expecting another after which the family will decide.  One of them is financial investor and [...]