Punit Goenka News

Capital Markets Regulator Securities And Exchange Board Of India (Sebi) In Its Reply In The Matter Of Zee Enterprises To Securities And Appellate Tribunal (Sat) Has Pointed Out That Chairman Emeritus Subhash Chandra And Managing Director And Ceo Punit Goenka Have Diverted Public Money To Private Entities.

Punit Goenka said ZEE 4.0 is gearing up to take the next big leap by focusing on the 5Gs of governance, granularity, growth, goodwill and gusto

Punit Goenka continues to be invested in Zee Entertainment Enterprises Ltd (ZEEL), where he serves as MD and CEO

He will continue as a non-executive director; Subhash Chandra, Punit Goenka to continue on Zee Board as Essel Group representativesZee board appoints six independent directors; all the appointments will have to be approved by the shareholders

So far today, the stock has touched a low of ₹205- a level last seen on 18 April, 2013So far this year, shares of the company have declined over 56%

ZEEL promoters had created an encumbrance on 10.2 crore shares, translating to a 10.7% stake held by promoter entity Essel Media Ventures Ltd, in favour of VTB CapitalPromoters of Essel Group have a debt of ₹11,000 crore. Essel Group firms together owe another ₹11,400 crore separately

Goenka also said the new tariff order brought in by the Trai had affected the company’s advertising revenuesGoenka said the company was going to be focusing aggressively on its over-the-top (OTT) video streaming platform ZEE5

Goenka will take over from Nakul Chopra who has completed his year-long tenure as chairman of the joint industry bodyGoenka was the founder chairman of BARC India

Shariq Patel, as a CEO for Essel Vision Productions, will report to Punit Goenka, MD and CEO, Zee Entertainment Enterprises

Zee Entertainment's operating revenue rises to Rs1,725.3 crore during January-March quarter