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Zee Entertainment withdraws merger with Culver Max and BEPL

Zee Entertainment Enterprises Ltd. (ZEEL) has officially withdrawn its composite scheme of arrangement with Culver Max Entertainment and Bangla Entertainment Private Limited (BEPL), following a settlement. The National Company Law Tribunal (NCLT) approved the withdrawal.

The Economic Times

Zee, Sony reach non-cash settlement to resolve all disputes

ZEE Entertainment Enterprises Ltd. (ZEE), Culver Max Entertainment Pvt. Ltd. (CMEPL) operating as Sony Pictures Networks India (SPNI), and Bangla Entertainment Pvt. Ltd. (BEPL) have reached a comprehensive non-cash settlement to resolve all disputes related to their Merger Co-operation Agreement and Composite Scheme of Arrangement.

Mint

Up for 5 straight months, HDFC Securities identifies EPL stock as its ‘pick of the week’

HDFC Securities picks EPL as 'pick of the week' after strong financial performance. The stock has risen significantly, with a notable 49% increase from its 42-week low. EPL dominates the laminated plastic tubes market, holding 35% of the global oral care market share.

The Economic Times

Buy EPL, target price Rs 275: Motilal Oswal Financial Services

We expect EPLL to report healthy sales growth and margin expansion, fueled by cost rationalization measures, margin improvement in Brazil, and operating leverage, thereby boosting its earnings.

Mint

EPL stock rockets 12% to 35-month high on strong Q1 results; should you invest now?

EPL reported strong June quarter results, with an 11% rise in consolidated revenue and a 17% increase in EBITDA. The company's shares rose 12%, and Motilal Oswal reaffirmed a 'buy' rating, projecting substantial growth and setting a target price of ₹275 per share.