Music and Youth
B4U serves legal notice on Zee
B4U Network Television today said it has issued a legal notice to Zee Telefilms seeking an explanation from the Subhash Chandra promoted company regarding claims that it had acquired a 15 per cent stake in B4U.
B4U CEO Ravi Gupta says his company is seeking an explanation from Zee as to when the transactions that they claimed they made took place and if there was any attempt to buy into B4U, why it was done in such a surreptitious manner. “Why didn’t Zee approach us directly if as they claim they wanted to buy a stake in our company. We view this whole episode as a hostile act on the part of Zee,” Gupta says.
Queried as to whether any compensation had been sought, Gupta replied in the negative. “We will wait and see how they respond but we expect at least a public apology,” Gupta said, when asked what his next course of action would be.
The controversy arose after Zee officials claimed on Tuesday to have advanced Rs 2,200 million to several companies, of which B4U was just one, linked to major bull operator Ketan Parekh.
Parekh is currently in the custody of the Central Bureau of Investigation, India’s premier investigating agency, for his alleged central role in a still unravelling financial scandal which has caused the collapse of the stock markets.
According to reports, the funds for Zee’s transactions were borrowed from Global Trust Bank, another entity suspected to be linked to the scandal. Zee has said it acquired 28.5 per cent in AB Corp (Amitabh Bachchan Corporation) and 15 per cent in B4U as part of a long term strategic initiative.
Meanwhile, the Zee scrip continues its downward slide. The stock had only sellers at the counter. The scrip ended at RS 84.50 at the close of the day’s trading.
MUMBAI: Mumbai is about to witness something it has never seen before. The Global Youth Festival arrives on 6-7 December at Jio World Garden with 15,000 attendees and 60-plus experiences sprawled across six sprawling arenas. On its sixth edition, this is no ordinary jamboree—it is a carefully orchestrated collision of wellness, adventure, arts, music, yoga and social change.
Chief Minister of Maharashtra Devendra Fadnavis will throw open the proceedings with a landmark ceremony, signalling the state’s backing for a movement that has already mobilised youth across 20-plus countries and 170-plus cities. The sheer scale is staggering: 500-plus volunteers powering the machine, 600,000-plus volunteer hours logged across previous editions, and millions of lives touched annually.
The speaker roster is formidable. Diipa Büller-Khosla and Dipali Goenka, chief executive of Welspun India, will share the stage with Malaika Arora in conversations spanning leadership, creativity and culture. Union Minister for Sports and Youth Affairs Mansukhbhai Mandaviya will also attend, reinforcing GYF’s reach into the corridors of power.
But this is not mere talk. The Solaris Mainstage promises concerts from renowned Indian artists. Innerverse delivers a 360-degree LED spectacle of art, technology and sound. The Love and Care Arena houses hands-on projects spanning women’s empowerment, child education, rural upliftment and animal welfare. India’s largest outdoor sound-healing experience awaits. An inflatable obstacle course, neon drifter karts and open-sky bouldering cater to thrill-seekers.
Some have branded GYF the “Coachella of Consciousness.” Others call it “India’s Largest Sober Festival.” Spiritual visionary Pujya Gurudevshri Rakeshji, who inspired the festival, will deliver the Wisdom Masterclass. Every rupee goes to charity.
After Mumbai comes Kolkata on 14 December. New York looms next year. For one weekend in December, Mumbai becomes the epicentre of youth-driven change—and nothing will be quite the same after.
Tickets available on BookMyShow. Visit youthfestival.srmd.org or follow @globalyouthfestival on Instagram.
