TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Zee Entertainment Enterprises Limited ( (IN:ZEEL) ) has shared an announcement.
Zee Entertainment Enterprises Limited announced that the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has ruled in favor of the company regarding a service tax matter. The tribunal dismissed an appeal by the Commissioner of Service Tax – I, Mumbai, which objected to Zee’s input tax credit utilization. As a result, a tax demand of INR 462 million, previously listed as a contingent liability, has been nullified. This decision is expected to positively impact Zee’s financial position by removing a significant potential liability.
More about Zee Entertainment Enterprises Limited
Zee Entertainment Enterprises Limited operates in the media and entertainment industry, providing television, print, and digital content across various platforms. The company is known for its diverse range of channels and content catering to different demographics and regional audiences.
Average Trading Volume: 451,967
Technical Sentiment Signal: Strong Sell
Current Market Cap: 106B INR
See more data about ZEEL stock on TipRanks’ Stock Analysis page.