In today’s briefing:
- ZEE Entertainment- Paying the Price
- Sula Vineyards IPO Lock-Up – Large Investor Could Look to Completely Exit
ZEE Entertainment- Paying the Price
- Zee Entertainment Enterprises (Z IN) ‘s tussle with the regulators and legalities seem to be perpetual in nature.
- SEBI’s interim order highlights the abuse of promoters’ position in the company in order to siphon-off funds, ultimately benefiting the promoter family. SEBI has directed promoters to resign as directors.
- Since the irregularities are now being made public, eyes now would be on the proposed Zee-Sony merger, which could further be delayed.
Sula Vineyards IPO Lock-Up – Large Investor Could Look to Completely Exit
- Sula Vineyards raised around US$117m in its India IPO in Dec 2022.
- Sula Vineyards (SV) distributes wines under a bouquet of brands. In addition to its flagship brand “Sula,” popular brands include “RASA,” “Dindori”, “The source,” “Satori”, “Madera” & “Dia”.
- In this note, we will talk about the lock-up dynamics and updates since our last note.
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