Shareholders vote out Punit Goenka as Zee director
3 weeks, 4 days ago

Shareholders vote out Punit Goenka as Zee director

Live Mint  

Zee Entertainment Enterprises Ltd’s Punit Goenka on Thursday failed to secure shareholders’ approval to continue as director on the company’s board. Shareholders' decision Shareholders of Dish TV India rejected the candidature of managing director Jawahar Goel, Chandra’s younger brother, for the board in 2022. On 27 November, Mint reported, citing people aware of the matter, that officials of Life Insurance Corp. of India informed Zee executives at a shareholder outreach programme that they would not back another five-year term for Goenka as managing director. Also read: Chandra not cooperating in Zee fund diversion probe, Sebi complains to SAT At Zee’s annual general meeting earlier in the day, Goenka addressed shareholders’ concerns, outlining strategies for growth and updates on ongoing legal challenges.

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History of this topic

Unhappy shareholders boot a record 25 directors from Dish TV board in 3 years
1 week, 3 days ago

Unhappy shareholders boot a record 25 directors from Dish TV board in 3 years

Live Mint  

Shareholder fury has put a revolving door on the boardroom of Dish TV India Ltd, as investors throw out every new nominee proposed by the company, and the company naming new independent directors who meet the same fate. Investors have ousted a record 25 directors from the Dish TV board in a little over three years, including two on Thursday, …

ZEEL share price surges over 6% as shareholders reject Punit Goenka’s reappointment as director
3 weeks, 4 days ago

ZEEL share price surges over 6% as shareholders reject Punit Goenka’s reappointment as director

Live Mint  

Stock market today: Zee Entertainment Enterprises share price climbed over 6 per cent to ₹132.15 on Friday, November 29 after shareholders rejected a proposal to reappoint Punit Goenka as a director of the company. Proxy advisory firms had reportedly advised shareholders to vote against Goenka’s reappointment, which likely influenced the outcome. Earlier in October, the ZEEL board had approved Goenka’s …

Zee Entertainment share price surges 8% as Punit Goenka quits as firm’s MD
1 month ago

Zee Entertainment share price surges 8% as Punit Goenka quits as firm’s MD

Live Mint  

Zee share price: Shares of Zee Entertainment surged almost 8 per cent in morning trade on the BSE on Tuesday, November 19, a day after the company announced that Punit Goenka had resigned as Managing Director of the company. "Punit Goenka decided to relinquish his position as Managing Director of the company to entirely focus on his operational responsibilities assigned …

IiAS and InGovern recommend investors reject Zee CEO Goenka’s candidature
1 month ago

IiAS and InGovern recommend investors reject Zee CEO Goenka’s candidature

Live Mint  

Mumbai and Bengaluru: In a surprise development late on Monday, Punit Goenka announced his decision to step down as the managing director of Zee Entertainment Enterprises Ltd, just days before his reappointment to the position was to be ratified by the company’s shareholders at their annual general meeting. Incidentally, Goenka’s decision to step down comes at a time when two …

Zee Entertainment boosts targets for MD Punit Goenka ahead of reappointment vote
1 month, 1 week ago

Zee Entertainment boosts targets for MD Punit Goenka ahead of reappointment vote

Live Mint  

The board of directors of Zee Entertainment Enterprises Ltd has approved higher targets for managing director and chief executive officer Punit Goenka ahead of his reappointment, which is due for a vote at the company’s annual general meeting. “Based on the recommendation of the nomination & remuneration committee the considered and approved higher targets to evaluate the performance of Punit …

ZEE CEO Punit Goenka to take 20 per cent salary cut, says company
8 months, 3 weeks ago

ZEE CEO Punit Goenka to take 20 per cent salary cut, says company

Hindustan Times  

Zee Entertainment Enterprises has said that managing director and chief executive officer Punit Goenka will take a 20 per cent cut in his remuneration. The company's management under Goenka is implementing all measures across its verticals to "optimise costs and enhance productivity, the media conglomerate said in a regulatory filing. Zee MD and CEO Punit Goenka As per the company's …

Zee negotiating with Sony to revive scrapped merger deal? Media firm responds
10 months ago

Zee negotiating with Sony to revive scrapped merger deal? Media firm responds

Hindustan Times  

Zee Entertainment Enterprises Ltd clarified on Tuesday that reports of renewed talks with Sony to revive the scrapped merger deal were incorrect. Zee suggested its chief executive Punit Goenka to lead, but Sony disagreed, citing an ongoing market regulator probe into Goenka's financial conduct. In June last year, the Securities and Exchange Board of India accused the Mumbai-based media conglomerate …

Promoter family to increase stake in Zee to 26%, Subhash Chandra says: ‘Don’t want debt'
10 months, 3 weeks ago

Promoter family to increase stake in Zee to 26%, Subhash Chandra says: ‘Don’t want debt'

Hindustan Times  

Zee Entertainment founder Subhash Chandra's family will lift their stake in the media house to 26% from 4% currently, it was reported days after a merger of the company with Sony's India unit collapsed. We eventually want to go back to 26%, but it will take time.” Subhash Chandra set up Zee in 1992 and is now chairman emeritus at …

We’ll lift Zee stake to 26%; no plan to raise external funds: Subhash Chandra
10 months, 3 weeks ago

We’ll lift Zee stake to 26%; no plan to raise external funds: Subhash Chandra

Live Mint  

MUMBAI : Five years since Zee Entertainment persuaded lenders not to classify its debt as default, the media giant is facing pressure to oust its promoter family, after an aborted merger with Sony Pictures in India. In an interview, founder Subhash Chandra said his son Punit Goenka, who heads Zee, is the right person to lead it in the future …

Zee-Sony Merger: Zee Dismisses Report, Says Committed To Merger; Shares Off Day's Low
11 months, 2 weeks ago

Zee-Sony Merger: Zee Dismisses Report, Says Committed To Merger; Shares Off Day's Low

News 18  

Zee Entertainment Enterprises on January 9 denied media reports of Sony calling off the mega $10 billion merger with the company. In a regulatory filing, Zee said, “Company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger.” The development comes after Bloomberg reported that the Sony Group is planning …

Tribunal lifts ban on Zee's Goenka on holding key positions
1 year, 1 month ago

Tribunal lifts ban on Zee's Goenka on holding key positions

The Hindu  

The Securities Appellate Tribunal on Monday lifted the ban on Zee Entertainment top boss Punit Goenka to hold board positions in any of the four Zee Group companies, paving the way for him to resume the proposed role in the planned merger between ZEE and the Indian unit of Japan's Sony Group. India markets regulator, Securities Exchange Board of India, …

SEBI bars Subhash Chandra, Punit Goenka from from holding key positions in Zee
1 year, 4 months ago

SEBI bars Subhash Chandra, Punit Goenka from from holding key positions in Zee

Live Mint  

Capital market regulator Securities and Exchange Board of India on August 14 modified its order against Subhash Chandra and Punit Goenka, and barred them from holding the post of director or key managerial personnel in at least four Zee Group companies as well as in the merged entity of Zee Entertainment Enterprises and Sony Pictures Networks India till further directions. …

SAT Refuses To Stay SEBI Order Against ZEE Promoters Punit Goenka, Subash Chandra: Report
1 year, 5 months ago

SAT Refuses To Stay SEBI Order Against ZEE Promoters Punit Goenka, Subash Chandra: Report

ABP News  

The Securities Appellate Tribunal on Monday refused to stay SEBI's order that barred them from holding key management positions in any listed firm, a report by Moneycontrol stated. According to the report, the SAT had reserved the case for orders on June 27 after hearing both ZEE Entertainment Chief Executive Officer Punit Goenka and the SEBI at length. The SEBI …

Sony-Zee Merger: Deal To Go Through Whether I'm CEO Or Not, Says Punit Goenka
1 year, 6 months ago

Sony-Zee Merger: Deal To Go Through Whether I'm CEO Or Not, Says Punit Goenka

ABP News  

Punit Goenka, the chief executive of ZEE Entertainment, said the merger between ZEE and the Indian unit of Japan's Sony will go through, "whether or not" he is the CEO of the merged firm, quoting a newspaper article news agency Reuters reported. The markets regulator Securities and Exchange Board of India has imposed a one-year ban on Zee Entertainment's Chairman …

Sebi Bans Subhash Chandra, Punit Goenka From Holding Key Position In ZEE Board, Shares Tumble 7 Per Cent
1 year, 6 months ago

Sebi Bans Subhash Chandra, Punit Goenka From Holding Key Position In ZEE Board, Shares Tumble 7 Per Cent

ABP News  

Zee Entertainment Enterprises' shares fell over 6.50 per cent in early morning trade on Tuesday after the Securities and Exchange Board of India banned Essel Group Chairman Subhash Chandra and ZEE MD and CEO Punit Goenka from holding any directorial or key managerial position in any listed company. The Sebi in an interim order on Monday barred Subhash Chandra and …

Battle for Dish TV control nears end
1 year, 9 months ago

Battle for Dish TV control nears end

Live Mint  

Bengaluru: The 18-month fight between the largest shareholder and Subhash Chandra for control of Dish TV India Ltd has now entered the last lap after the country’s third-largest satellite television provider agreed to induct two independent directors recommended by Yes Bank Ltd on its board. Considering Dish TV’s shareholders have removed nine board members in the last 15 months, Aggarwal’s …

Why Invesco pulled the plug on ZEEL’s Punit Goenka
3 years, 3 months ago

Why Invesco pulled the plug on ZEEL’s Punit Goenka

Live Mint  

The Best of Zee 4.0 is yet to come," chief executive officer Punit Goenka wrote in a letter to shareholders in Zee Entertainment Enterprises Ltd’s annual report for 2020-21. The decision was triggered by developments at Dish TV India Ltd, a note by a proxy advisory firm and a 55% plunge in the value of Zee shares held by one …

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