Latest news with #AUVInnovationsLLP
Mint
22-06-2025
- Business
- Mint
Zee Media share price in focus after promoter group buys 1.11 crore shares. Do you own?
Zee Media share price will remain in focus on Monday after promoter group acquired significant stake in the company. On Friday, the media company stock fell over 1.85 per cent in the early trading hours to ₹ 13.25, however, recovered quickly surging to ₹ 13.47 per share. The stock finally closed at ₹ 13.42. According to reports, AUV Innovations LLP, part of the promoter group, has made a notable acquisition in Zee Media Corporation Limited by acquiring 1,11,00,000 shares at an average price of ₹ 13.6 through open market transactions. The transaction was total valued at ₹ 1,504 lakhs. This comes after earlier purchases in May 2025, when AUV Innovations LLP acquired 2,40,000 shares on May 16, followed by another 29,60,000 shares on May 19. In total, the promoter has accumulated 1.43 crore shares through these open market transactions. Zee Media Corporation Limited declared its financial results for the January–March quarter on May 5, 2025. As per the consolidated financial statements, the company's net loss for the fourth quarter of FY 2024–25 surged by 464% year-on-year (YoY) to ₹ 36.76 crore, compared to ₹ 6.51 crore reported during the same period last year. The media company reported a 13% decline in its core operational revenue, which fell to ₹ 155.80 crore in the January–March quarter of FY 2024–25, down from ₹ 178.98 crore in the corresponding quarter last year. Meanwhile, Zee Media's total expenses for the fourth quarter rose by 6.39% year-on-year to ₹ 200.21 crore, compared to ₹ 188.17 crore in the same period of the previous fiscal. 'The Group has incurred a loss of Rs. 11,942 lakhs during the year ended 31 March, 2025 and the Working Capital stands negative as at that date. To address he same, the Group has been taking various steps including cost rationalization measures and has obtained credit period extension to discharge some of its contractual obligations,' said Zee Media Corp in the BSE filing. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
22-05-2025
- Business
- Mint
Mumbai-based DII buys stake in Zee Media Corporation. Share price edges higher
Zee Media Corporation share price traded higher on Thursday after the company announced that its promoter group entity, a Mumbai-based domestic institutional investor (DII), has acquired a stake in the company. Zee Media shares gained as much as 2.62% to ₹ 14.88 apiece on the BSE. AUV Innovations LLP, Zee Media Corporation's promoter group entity, has purchased 32 lakh equity shares of Zee Media Corporation, representing 0.51% stake in the company, in two tranches, through on-market transactions. The total value of the shares purchased is approximately ₹ 4.9 crore. '...we wish to inform you that we, AUV Innovations LLP, have acquired 2,40,000 shares on 16th May, 2025 and 29,60,000 shares on 19th May, 2025 of Zee Media Corporation Limited by way of on-market purchase of shares,' Zee Media Corporation said in a regulatory filing on May 22. On May 16, AUV Innovations LLP acquired 2.40 lakh Zee Media shares, aggregating to 0.04% equity stake in the company, worth ₹ 34,82,928. Subsequently, it also acquired 29.60 lakh shares of Zee Media Corporation worth ₹ 4,54,77,440, raising its total stake in the company to 0.51%, holding a total of 32,00,000 shares. Prior to these transactions, AUV Innovations LLP did not hold any shares of Zee Media Corporation, according to the regulatory filing. As per the latest shareholding pattern of Zee Media Corporation as on 31 March 2025, promoters held 1.62% stake in the company, while the remaining 98.38% stake is held by public shareholders. Zee Media share price gained 5.5% in one month, while the stock is down 24% on a year-to-date (YTD) basis. In the past one year, Zee Media shares have gained 5%, while it has risen 76% in two years. However, Zee Media share price has delivered multibagger returns of 180% in the past five years. At 2:55 PM, Zee Media Corporation share price was trading 0.69% higher at ₹ 14.60 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
