Zee share pledge

ZEE clears air on share pledge, but clarity on growth tougher The company’s business fundamentals appear to be more or less intact over the past year.

24 Sep 2019 the stock of ZEE Entertainment (ZEEL) was bleeding red as lenders to the Essel group sold pledged promoters' shares of ZEEL. As per  28 Sep 2019 The promoters had pledged shares of Zee Entertainment to take a loan, including from mutual funds. Since there was a delay in paying back  5 Oct 2019 According to a disclosure made by VTB Capital to the stock exchanges, the encumbrance on 10.2 crore shares of Zee owned by Essel Media  15 May 2019 Typically the pledged shares value will be from 1.2 – 2.0 x of the issued debt. If the share price falls, then underlying collateral value also  8 May 2019 However, pledging by promoters in Zee Learn declined to 82.7% from 95.5% during the three-month period. Zee Entertainment shares were 

Over 15 lakh pledge support to Zee News' campaign seeking speedy justice for Nirbhaya  The Zee News campaign has received a massive response so far with 15,36,430 people giving a miss call till

Zee has 70 billion rupees of loans outstanding against its shares, of which 50 billion rupees are from domestic lenders. According to CLSA, Zee's overseas loans have a pledge cover of 1.2 times its “VTB will require promoters to sell any shares in Zee since it's indirectly pledged so there is no risk of that happening,” said Goenka. VTB Capital has an extended debt of Rs 2,000 crore to Essel Group and indirectly holds a pledge of 10.7 percent stake in Zee Entertainment. Investors turned wary of companies with high pledge shareholding after promoter of Essel Group failed to bring in fresh shares as collateral to make up for the stock price crash. The shares of Zee A little over 90 per cent of the promoters’ 22 per cent shareholding in Zee Entertainment is pledged with financial institutions. This was disclosed by Zee Entertainment Managing Director and Chief Executive Officer Punit Goenka in an investor call on Saturday. In September, Essel Group’s lenders sold pledged promoters’ shares of Zee Entertainment and brought down the promoter holding in the company even further. Before the deal with Invesco, the Latest Shareholding pattern and details for Zee Entertainment Enterprises Ltd. See FII, DII, MF, Institutional, Promoter and individuals shareholding changes, pledges, historical increases and decreases of shareholding for Zee Entertainment Enterprises Ltd. for latest quarter in a single page.

5 Oct 2019 Ordinarily, a promoter has to disclose details of share pledges or any invocation or release of such pledge or encumbrance within seven days.

2 Oct 2019 by pledge of shares of Zee Entertainment Enterprises Limited (ZEEL) or To recap briefly, on January 25, 2019, share price of ZEEL and Dish  24 Sep 2019 the stock of ZEE Entertainment (ZEEL) was bleeding red as lenders to the Essel group sold pledged promoters' shares of ZEEL. As per  28 Sep 2019 The promoters had pledged shares of Zee Entertainment to take a loan, including from mutual funds. Since there was a delay in paying back  5 Oct 2019 According to a disclosure made by VTB Capital to the stock exchanges, the encumbrance on 10.2 crore shares of Zee owned by Essel Media  15 May 2019 Typically the pledged shares value will be from 1.2 – 2.0 x of the issued debt. If the share price falls, then underlying collateral value also 

“In a bull phase, the market tends to forget a lot of these and try to find value even in names that are bad. Even large cases have emerged. We saw that happen in Zee. Although there was no corporate governance issue, the promoter share pledge led to market-cap erosion.

5 Oct 2019 According to a disclosure made by VTB Capital to the stock exchanges, the encumbrance on 10.2 crore shares of Zee owned by Essel Media  15 May 2019 Typically the pledged shares value will be from 1.2 – 2.0 x of the issued debt. If the share price falls, then underlying collateral value also  8 May 2019 However, pledging by promoters in Zee Learn declined to 82.7% from 95.5% during the three-month period. Zee Entertainment shares were  28 Jan 2019 ZEEL stock gained 16.64 per cent at Rs 372.50 a share, up Rs 53.15 its lenders "which are having pledge on shares held by the promoters".

How share-pledging works. To raise resources for acquisition and expansion, Chandra pledged his shares in Zee. High pledging levels are typically not considered a good sign by investors, as a downturn in the market price can lead to invocation and change in management. Further, decline in the level of share-pledging may indicate scaling down in stress.

“VTB will require promoters to sell any shares in Zee since it's indirectly pledged so there is no risk of that happening,” said Goenka. VTB Capital has an extended debt of Rs 2,000 crore to Essel Group and indirectly holds a pledge of 10.7 percent stake in Zee Entertainment. Note: Close price will be updated after 18.15 hrs on account of joint press release dated February 09, 2018 (joint press release) On Ex-Date, the % change is calculated with respect to Adjusted price (adjustment with respect to Corporate Actions such as Dividend, Bonus, Rights & Face Value Split) In September, Essel Group’s lenders sold pledged promoters’ shares of Zee Entertainment and brought down the promoter holding in the company even further. Before the deal with Invesco, the

5 Oct 2019 Ordinarily, a promoter has to disclose details of share pledges or any invocation or release of such pledge or encumbrance within seven days. Watch Story. Zee shares slump to six-year low as promoters increase pledge to 90%. BusinessToday.In | New Delhi, Monday, October 7, 2019 | 16:09 IST  Name of the Shareholder, Total Shares held, Shares pledged or otherwise encumbered. Number, As a % of grand total (A) + (B) + (C), Number, % of Total  Name of the Company (1), Total Number of Issued Shares [A+B+C] (2), Total Promoter Holding (3), Total Public Holding (4), Promoter Shares Encumbered as of  12 Nov 2019 Zee Entertainment is looking to resolve its long-standing issue of high promoter pledge against shares, with promoter Essel Group due to sell  18 Dec 2019 Caught in a credit squeeze, India Inc began to pledge shares to raise including Zee Entertainment Enterprises Ltd's Subhash Chandra and