Punit Goenka – Timeline Daily

As SEBI Finds An Accounting Gap Of $240 Million In ZEE Entertainment, ZEE Stocks Tank

21Feb

Business

As SEBI Finds An Accounting Gap Of $240 Million In ZEE Entertainment, ZEE Stocks Tank

A report on the Zee Entertainment claimed that Securities and Exchange Board Of India (SEBI), has found that, the company’s books has a $240 million, i.e., Rs 2,000 crore 'accounting hole' in it. With the news of SEBI’s move, the stocks of the company has tanked by ten percent today in the morning. ...

“Sign From The Lord”: Zee CEO Punit Goenka On Sony Deal Collapse

22Jan

Business

“Sign From The Lord”: Zee CEO Punit Goenka On Sony Deal Collapse

In a surprising turn of events, Sony Group, the Japanese entertainment giant, has reportedly sent a termination letter to Zee Entertainment, signaling the end of the much-anticipated $10 billion merger deal between its India unit and the media network. Bloomberg, citing insider sources, disclosed on...

Sony Calls Off Merger Deal With Zee: Report

22Jan

Business

Sony Calls Off Merger Deal With Zee: Report

Japan's Sony Group has reportedly sent a termination letter to Zee Entertainment, informing it of its plans to call off the merger deal between its India unit and the media network. Bloomberg reported on Monday that the Japanese entertainment giant has cited unmet conditions of the merger agreement ...

Zee-Sony Merger Talks Stall Over Leadership Dispute

11Nov

Business

Zee-Sony Merger Talks Stall Over Leadership Dispute

The merger talks between India's Zee Entertainment Enterprises and Sony's Indian subsidiary have temporarily stalled over a disagreement on who will lead the merged entity, according to a report in the Mint business daily. The disagreement arose when Sony proposed its Indian Managing Director, N....

SAT Scraps SEBI Order Barring Zee’s Punit Goenka from Key Directorships

30Oct

Business

SAT Scraps SEBI Order Barring Zee’s Punit Goenka from Key Directorships

The Securities Appellate Tribunal (SAT) on Monday scrapped markets regulator SEBI's August 14 order that barred Punit Goenka of Zee Entertainment Enterprises from assuming key directorships in listed entities over an alleged fund-diversion case. This will facilitate Zee, which is on the verge of mer...