COMPANY NEWS


Zee Entertainment Enterprises Ltd
BSE Code 505537 ISIN Demat INE256A01028 Book Value (₹) 102.45 NSE Symbol ZEEL Div & Yield % 3.05 Market Cap ( Cr.) 12,587.61 P/E * 34.04 EPS * 3.85 Face Value (₹) 1
* Profit to Earning Ratio
* Earning Per Share
Board of Zee Entertainment Enterprises decides to discontinue funding of Margo Networks Back
(25 May 2023)
The Board of Zee Entertainment Enterprises at its meeting held on 25 May 2023 has decided to discontinue the funding towards Margo Networks (SugarBox) due to the macro-economic environment, inflationary headwinds and conditions for impending merger. This decision is driven by the capital allocation priorities of the Company and it intends to preserve capital for the targeted growth in digital and sports business.