Want to Subscribe?
Read Corporate India and add to your Business Intelligence
Unlock Unlimited Access
Published: March 15, 2024
Updated: March 15, 2024
Indian media firm Zee and American media firm Bloomberg are battling each other in the courts. After Zee’s two-year-old merger deal with Sony collapsed, Bloomberg wrote a series of articles which pulled down Zee’s share prices in the stock markets.
As per Zee, the articles by Bloomberg incorrectly said that Securities and Exchange Board of India (SEBI) has found a $241 million (Rs 2,000 crore) funds diversion from Zee, whereas there is no such order from the regulator. Despite Zee firmly refuting the same, Bloomberg incorrectly published financial irregularities in ZEE without the basis of any order from the regulator, according to Zee.
Zee is currently going through a crisis with the promoter stake falling to just 4 per cent. The allegations of funds diversion from the company are under investigation by SEBI and an earlier order by the regulator was set aside by the Securities & Appellate Tribunal.
September 30, 2025 - Combined Issue
Industry Review
VOL XVI - 22
September 16-30, 2025
Want to Subscribe?
Read Corporate India and add to your Business Intelligence
Unlock Unlimited Access
Lighter Vein
1 Year *
Subscription
Rs 1800 /-
3 Year *
Subscription
Rs 5000 /-
5 Year *
Subscription
Rs 8000 /-
5
International
Subscription
$ 99.99
Read Corporate India and add to your Business Intelligence
Popular Stories
A modern-day enigma and a ramification of humanity's never-ending advancements, e-waste refers to the scum con- cealed by the outward glow of ever-advancing technology.
Archives
Office Address
Unit No. 405, 4th floor, Madhu Industrial Park, Avadh Narayan Tiwari Marg, Mogra Village Road, Andheri (East), Mumbai – 400069.
Call/Whatsapp
If you are interested in advertising with Corporate India, please don't hesitate to contact us. Our team is here to assist you with the process and answer any questions you may have. We look forward to the opportunity to work with you and help your business reach its full potential.
Fill out the form below to subscribe to our newsletter and never miss an update