Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Nitin Mangal is a Research Analyst with more than 15 years of experience in Indian equities. He is Pioneer of Corporate Governance and Accounting Research in Indian Market and has successfully developed product for Institutional Investors named as "Analysis Beyond Consensus" during his association with Edelweiss Securities Ltd, Mumbai. Later during the career, he has worked with Veritas Investment Research Corporation, Canada as Asia Consultant covering Indian and US equities. He has been profiled by leading financial newspapers such as Wall Street Journal, Business Standard etc

Forensic Analyst

Dish TV: Promoters Repetitive Attempts to Block Yes Bank

Dish TV: Promoters Left in the Dark, or Is There Something Else?

Zee Entertainment Q2F20 Result Update: A Dark Script With An Ensemble Cast Of Negatives

Z IN | Stellar Q3; but Long Term Growth Prospects Warrant Attention

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Few days back <a href="https://www.smartkarma.com/entities/zee-entertainment-enterprises" target="_blank" data-smartkarma-citation="entities:19466:1" rel="noopener">Zee Entertainment Enterprises (Z IN)</a> has announced that board of directors has given in-principle approval for the merger between ZEEL and Sony Pictures Networks India. The new of this merger was already rumored in the market since quite some time, however, the timing of this announcement is quite interesting.
On September 11, 2021, two investors of the company Invesco Developing Markets Fund and OFI Global China Fund Llc has asked board to conduct Extra-ordinary general meeting for possible removal of CEO of the company Mr. Punit Goenka and appointment of six independent directors.
This insight briefs few important clauses in the merger which might be consequential for both the promoters and shareholders.

Few days back Zee Entertainment Enterprises (Z IN) has announced that board of directors has given in-principle approval for the merger between ZEEL and Sony Pictures Networks India. The new of this merger was already rumored in the market since quite some time, however, the timing of this announcement is quite interesting.
On September 11, 2021, two investors of the company Invesco Developing Markets Fund and OFI Global China Fund Llc has asked board to conduct Extra-ordinary general meeting for possible removal of CEO of the company Mr. Punit Goenka and appointment of six independent directors.
This insight briefs few important clauses in the merger which might be consequential for both the promoters and shareholders.

Zee Entertainment Enterprises

ZEE-Sony Merger: A Cloudy Sky?