SPNI to hold majority stake at 52.93%
As part of the transaction between ZEE and Sony, Punit Goenka will continue to be the MD and CEO of the merged entity even as SPNI would hold a majority stake at 52.93% and would appoint the majority of the Board of Directors. ZEE will own the remaining 47.07%
Japanese multinational conglomerate Sony has come to the rescue of Zee entertainment enterprises’ (ZEEL) punit Goenka, son of promoter Subhash Chandra and MD & CEO of the firm, who till last week was facing opposition from the firm’s largest shareholders.
This story is from the September 23, 2021 edition of The New Indian Express Chennai.
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This story is from the September 23, 2021 edition of The New Indian Express Chennai.
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