LIC may back Zee's merger with Sony
Hindustan Times|October 20, 2021
Life Insurance Corp. of India (LIC), the largest local shareholder of Zee Entertainment Enterprises Ltd, favours the proposed merger of the broadcaster with Sony Pictures Networks India, three people familiar with the insurer's decision said.
Anirudh Laskar

MUMBAI:

The insurer's vote is crucial for the Zee-Sony merger deal because LIC owns nearly 5% of Zee. If LIC does endorse the ZeeSony merger, it may also influence how Zee's public shareholders vote on the proposal.

"LIC's primary objective is to create value for policyholders. Corporate governance is indeed important, but as a shareholder in Zee Entertainment, LIC is aware of the state of affairs at Zee. LIC feels that the deal with Sony will create value for all shareholders, which is evident from the stock's behaviour," said one of the three people on condition of anonymity.

Emails sent to LIC and Zee did not elicit any response.

Continue reading your story on the app

Continue reading your story in the newspaper

MORE STORIES FROM HINDUSTAN TIMESView All

Covid Worries Keep Kids Away As Schools Reopen

Few students attended in-person classes at schools across the national capital on Monday, when physical lessons resumed after a two-week closure due to the city's air emergency.

2 mins read
Hindustan Times Delhi
November 30, 2021

Ration Delivery Beneficiaries Can Opt Out At Any Point, Govt Tells HC

The state government on Monday told the Delhi high court that doorstep deliveries had become a norm, as it defended its ration delivery programme as one that should be appreciated, and assured the court that beneficiaries can opt-out at any time.

2 mins read
Hindustan Times Delhi
November 30, 2021

Covid Clusters In Maha, K'taka Under Watch For New Variant

Although no cases of the Omicron variant of SarsCov-2 have been detected in India, one cluster each in Maharashtra and Karnataka are being investigated for the new variant, according to people familiar with the development.

2 mins read
Hindustan Times Delhi
November 30, 2021

SC seeks reports from Delhi, NCR states on controlling air pollution

The Supreme Court on Monday directed the state governments of Delhi, Haryana, Uttar Pradesh, Rajasthan, and Punjab to enforce all 52 directions issued by the Commission for Air Quality Management (CAQM) for controlling air pollution in Delhi-NCR, lamenting that implementation of the pollution control measures seems to be zero across states.

5 mins read
Hindustan Times Delhi
November 30, 2021

Coach Dravid's team runs into a wall

Seasoned by annual trips to India, New Zealand debutant Ravindra aces a gripping trial by spin

3 mins read
Hindustan Times Delhi
November 30, 2021

Tatas In Talks To Buy Battery Biz In EV Push

Tata Chemicals Ltd is in talks to buy the battery materials business of London-based Johnson Matthey in a deal that can provide an edge to the Tata group in the fast-growing electric vehicle market, two people with direct knowledge of the plan said.

1 min read
Hindustan Times Delhi
November 29, 2021

Toilet game changer takes a break

Why toilet breaks in tennis, used often as a tactical ploy more than a call of nature, create controversies

5 mins read
Hindustan Times Delhi
November 29, 2021

States issue guidelines, review travel curbs over variant threat

Many state governments have issued fresh advisories to health officials and may reimpose restrictions on travel even as the central government on Sunday asked provincial authorities to be more vigilant against the new Omicron variant of the coronavirus.

3 mins read
Hindustan Times Delhi
November 29, 2021

Key skills: Typewriter finds its place despite digital onslaught

t is Friday afternoon and inside a small, dimly lit room in east Delhi's Laxmi Nagar, a group of young men and women are hunched over old Remington typewriters, practicing touch typing-the skill of fast typing without looking at keys.

4 mins read
Hindustan Times Delhi
November 29, 2021

Kejriwal asks Modi to limit flights as airport ups checks

NEW CORONAVIRUS VARIANT

3 mins read
Hindustan Times Delhi
November 29, 2021
RELATED STORIES

ULTRA-MOBILE COMPUTERS & YOU

From subnotebooks to Ultra Mobile PCs, these machines have come and gone over the years. John Knight asks if we are about to see their return.

10+ mins read
Maximum PC
December 2021

OLED For Less

SONY’S NEW XR-65A80J OLED TV isn’t a member of the company’s Master Series—that designation belongs to its XR-A90J OLED models, which are spec’d to deliver higher brightness than the XR-A80J sets. And while we haven’t yet tested those pricier Sony OLEDs, the XR-65A80J is far from being a second-class citizen. Read on to find out why.

10+ mins read
Sound & Vision
October - November 2021

iClever BTH13 headphones for kids: Sonically safer for junior

Never mind the pink-and-blue color scheme or the flashing lights. These are legitimate headphones with good sound that also rein in the volume.

3 mins read
Macworld
October 2021

Elgato Facecam

A streamer's right-hand man?

3 mins read
Maximum PC
October 2021

MAYIM'S FLYING SOLO ON JEOPARDY!

MAYIM BIALIK is the latest winner in the revolving-door contest to fill Alex Trebek’s big shoes at Jeopardy! — she will temporarily replace Mike Richards, who stunned the industry by stepping down almost as soon as he was named winner of the prized TV job!

1 min read
Globe
September 13, 2021

Sony ZV-E10: A Camera for Vloggers

A year after introducing its first camera for vloggers—the fixed-lens ZV-1—Sony is bringing the concept to an interchangeable lens platform. The ZV-E10 is built around the same sensor as the stills-focused Sony a6100 but is made just for video.

10+ mins read
PC Magazine
September 2021

SONY'S PROFITS GAIN ON ‘DEMON SLAYER,' DIGITAL CAMERA DEMAND

Sony’s April-June profit rose 9% to 211.8 billion yen ($1.9 billion) as the Japanese electronics and video game maker continued to benefit from a sales perk from the hit “Demon Slayer” animation film.

1 min read
AppleMagazine
AppleMagazine #510

Do You Have Parasites?

Five signs you may have these bad bugs, and how to get rid of them.

5 mins read
Better Nutrition
August 2021

All Things Bright And Beautiful

For some, it’s a walk on the beach. For others, a poignant interaction with a loved one. But however we describe “beauty,” one thing’s for certain: It’s always more than skin deep.

10+ mins read
CBS Watch! Magazine
July/August 2021

CRASH IS KING

With the launch of his new mobile game, Crash Bandicoot: On the Run, one of the biggest names in gaming history is now fully unleashed on mobile—and out to prove he’s still got the speed and skills to capture the world’s attention. Just don’t call it a comeback. He’s been here for years.

9 mins read
Men's Journal
March - April 2021