PUNIT GOENKA
Zee Entertainment approves share buyback worth Rs 600 crore at Rs 91 per share
Zee Entertainment has approved a Rs 600 crore share buyback of up to 6.59 crore shares at Rs 91 apiece through the tender offer route. The buyback represents 6.86% of its paid-up equity capital. Promoters and promoter group members will not participate in the proposed buyback.
Zee appoints Komal Nahta as Creative Director, restructures movies business
Under the revamped structure, Suraj Singh and the Zee Studios team will report to Nahta, who will also oversee commercial and movie acquisition decisions across platforms, with a focus on Hindi and other-language films. He will report to ZEEL Chief Executive Officer Punit Goenka.
Zee Studios appoints Suraj Singh as business head
Zee Entertainment Enterprises Ltd. has appointed Suraj Singh to be the business head of Zee Studios. His tenure will commence on November 10, 2026, based in Mumbai. Singh's role will involve overseeing production, distribution, and expanding strategic partnerships for the studio. He brings over twenty years of experience in film production and business strategy from various significant companies.
Bigger picture: Media industry shifts focus to attention, data & tech
Speaking in a panel discussion at Ficci Frames, India's leading media and entertainment conclave, Zee Entertainment CEO Punit Goenka said the industry has transformed and is no longer simply about investing in and focusing on either television or digital.
TV ratings blackout gets longer: Broadcasters worried as pressure to restore audience measurement & provide advertisers greater visibility rises ahead of festive season
The prolonged suspension of TV ratings has intensified pressure on the Ministry of Information and Broadcasting to restore audience measurement, with broadcasters seeking greater revenue visibility and advertiser confidence ahead of the festive season. BARC is working to meet the government’s TV rating guidelines, including expanding its panel to 80,000 and increasing independent representation on its board, while TAM India and Chrome DM have also applied to offer measurement services. Industry bodies have raised concerns over the financial viability of multiple rating agencies and potential discrepancies in viewership data.
Zee Entertainment looks beyond TV, bets on sports, animation and VFX for growth
Zee Entertainment is investing in sports and animation to build new growth engines. The company is diversifying its portfolio to capture a larger share of the evolving media landscape. ZEEL has partnered with PhantomFX to strengthen its animation and VFX content creation capabilities. The broadcaster has also launched four sports channels and secured rights to international events. ZEEL's digital platform ZEE5 became profitable in FY26, aided by a language-focused strategy.
- Go To Page 1
SAT allows Zee, Goenka to proceed with warrant issue
The Securities Appellate Tribunal has granted Zee Entertainment and Punit Goenka the go-ahead for a convertible warrants issuance. However, this approval is contingent on the appellants depositing the entire penalty imposed by Sebi. The tribunal highlighted the strong approval from public shareholders for the investment proposal, indicating that this warrants issue could substantially benefit them. Additionally, the deadline for issuing these warrants has been extended by a week.
Zee shares tumble 12% after Sebi action against Subhash Chandra, Punit Goenka
Zee Entertainment shares plunged over 12% after Sebi barred founder Subhash Chandra and CEO Punit Goenka from the securities market for one year over an unauthorised property pledge case. The regulator also fined ZEEL and flagged governance lapses, even as shareholders recently approved a Rs 3,144 crore promoter fundraise.
Zee Entertainment shares rally by 8% after shareholders block Punit Goenka's reappointment as Zee Director
ZEE Entertainment AGM: Zee Entertainment shares surged 8% after shareholders blocked Punit Goenka's reappointment as director. Despite challenges, including a failed Sony merger, Goenka remains CEO, focusing on ZEEL's future growth.
Zee Entertainment shareholders reject proposal to reappoint Punit Goenka as director
Shareholders of Zee Entertainment rejected the reappointment of Punit Goenka as director with 50.4% votes against. Goenka, currently CEO, resigned as managing director earlier in the month but stayed on as CEO. Other resolutions on financial statements, dividends, and auditor remuneration were approved. The board had initially approved Goenka's reappointment for a five-year term starting in 2025.
Punit Goenka withdraws consent for reappointment for ZEEL MD in upcoming AGM
Punit Goenka will not be returning as Zee Entertainment's Managing Director. He recently resigned from his position and withdrew his consent for a reappointment. The company board had proposed a five-year term for him. Goenka's current term was ending in December. The company will discuss leadership plans at the upcoming Annual General Meeting.
Zee Entertainment shares surge over 6% as MD Punit Goenka resigns
ZEEL Share Price: Zee Entertainment Enterprises' shares rose 6.5% after Managing Director Punit Goenka resigned to focus on operational responsibilities assigned by the board. CFO Mukund Galgali will become Deputy CEO. Goenka will remain on the board. Zee's Chairman expressed confidence in Goenka's ability to deliver value in his new role.
ZEE's Punit Goenka to resign as MD, stay on as CEO
Punit Goenka has stepped down as Managing Director of Zee Entertainment Enterprises Ltd. to focus solely on his role as CEO. Mukund Galgali, the current CFO, has been promoted to Deputy CEO. These changes come ahead of a shareholder vote on Goenka's reappointment as MD and CEO for a new term.
Punit Goenka asks ZEE board to relinquish him from his position as MD
Punit Goenka, Managing Director of ZEE Entertainment Enterprises Ltd (ZEEL), has requested the board to relieve him of his MD role to focus on his duties as CEO. This decision aims to improve the company’s performance and profitability. ZEEL's board recently approved higher performance targets for Goenka, with the company tracking his success against specific revenue and profit goals.
Zee’s TV revenue vertical to report directly to CEO Punit Goenka
Zee Entertainment's CEO Punit Goenka has implemented strategic changes in the revenue vertical of the broadcast business. Ashish Sehgal will now report directly to Goenka after Rahul Johri resigned as revenue and monetisation vertical head.
Zee Entertainment revenue head Rahul Johri quits in organisational restructuring
Rahul Johri, President Revenue of Zee Entertainment Enterprises, has resigned as the company implements strategic changes. Punit Goenka, MD and CEO, will now oversee the revenue teams directly, with Ashish Sehgal, Chief Growth Officer for Ad Revenue, reporting to him. Other team members previously reporting to Johri will now report to Goenka. Johri joined Zee in 2020 after leaving BCCI. Goenka expressed gratitude for Johri's contributions and highlighted plans to drive growth in advertisement revenue. Johri expressed appreciation for his time at Zee and aims to continue contributing to the sports and media industry.
Sony-Zee merger talks: Sony had turned down Punit Goenka's proposal for replacement of CEO
Earlier, Sony had opposed the idea of Goenka taking over as the managing director and CEO of the merged entity, citing stock market regulator Sebi's probe against him and his father Subhash Chandra for alleged fund diversion from Zee to promoter group companies. As part of the scheme of arrangement signed in December 2021, Goenka was to be the MD and CEO of the merged entity for five years "subject to and on the terms as agreed between Punit Goenka and Sony Pictures Networks India (SPNI)".
SEBI may move Supreme Court on SAT relief to Zee's Punit Goenka
The Securities and Exchange Board of India (SEBI) is considering appealing to the Supreme Court against the Securities Appellate Tribunal's recent decision to lift the ban on Zee Entertainment's CEO, Punit Goenka, from serving on the boards of listed companies for a year. SEBI had imposed this ban due to allegations of fund misappropriation by Goenka and Essel Group Chairman Subhash Chandra Goenka.
SAT reserves order in Punit Goenka vs SEBI matter
The Securities Appellate Tribunal (SAT) has reserved order in ZEEL MD and CEO Punit Goenka's appeal against Sebi's order. Sebi banned him and his father Subhash Chandra Goenka from directorial roles due to alleged unauthorized money transfers within Essel Group companies. The order also prevents Punit from leading the Sony-Zee merger, despite regulatory approvals.
SAT to hear Punit Goenka's appeal against SEBI order on Sep 8
The Securities Appellate Tribunal (SAT) on Wednesday directed the Securities & Exchange Board of India (Sebi) to file its response by September 4 in an appeal filed by Punit Goenka, the promoter of Zee Entertainment Enterprises Limited (ZEEL). The tribunal will now hear the matter on September 8, 2023.
ZEEL's Punit Goenka moves SAT, seeks a stay on SEBI's confirmatory order
Zee Entertainment Enterprises Limited (ZEEL) MD and CEO Punit Goenka has moved the Securities Appellate Tribunal (SAT) against the Securities Exchange Board of India's (SEBI) confirmatory order barring him and his father Subhash Chandra Goenka, the entertainment company's Chairman Emeritus, from holding any directorship or managerial position in any listed company or their subsidiaries.
Sebi to complete investigation into Zee Entertainment case within 8 months
Until the investigation is complete, Subhash Chandra and Punit Goenka will not hold any directorial positions in any of the Essel Group companies, the regulator says. Sebi bars Punit Goenka to hold CEO position in Zee-Sony merged entity
Sony-Zee merger: Major shareholders to decide Subhash Chandra and Punit Goenka’s reappointment, says Ranina
The fate of Zee's Subhash Chandra and Punit Goenka will be decided by major shareholders, who will present their point of view to SEBI. If serious charges against them are not proven, they could be reappointed if major shareholders support them. The Zee-Sony merger has been approved by the NCLT and is expected to complete in three to four months. The SEBI chairperson may hear Chandra and Goenka's replies in their case, but it is difficult to predict the outcome.
Zee forms interim committee to run operations as Punit Goenka fails to get relief from SAT
The interim committee will be under the supervision of the Board and will seek its guidance on all matters pertaining to the company. The Board continues to have immense faith in the value-building leadership skills showcased by Punit Goenka and will monitor the progress of the matter. The Board also remains confident that the company will deliver robust growth consistently and generate higher value for all shareholders, the spokesperson said.
Zee Entertainment constitutes interim committee to run operations
Zee Entertainment Enterprises on Monday said it formed an interim committee to run operations after ex-chairman Subhash Chandra and CEO Punit Goenka failed to overturn the market regulator's ban on them holding board positions.
ZEEL shares plunge over 5% after SAT refuses relief to Subhash Chandra, Punit Goenka
On June 12, the capital market regulator had barred the Essel Group chairman and his son Punit Goenka from holding any directorship or key managerial positions in any listed company.
Subhash Chandra, Punit Goenka move SAT against SEBI order
Essel Group Chairman Subhash Chandra and Zee Entertainment Enterprises Limited (ZEEL) MD and CEO Punit Goenka have moved the Securities Appellate Tribunal (SAT) against a Securities and Exchange Board of India (SEBI) order that restrained them from holding key managerial positions in listed entities.
Taking appropriate legal advice on SEBI order against Subhash Chandra, Punit Goenka: ZEE Chairman
Zee Entertainment Enterprises Limited (ZEEL) Chairman R Gopalan on Tuesday said that ZEEL's Board of Directors has noted the interim ex-parte order issued by the Securities and Exchange Board of India (SEBI), with respect to Subhash Chandra and Punit Goenka. He said the board is in process of reviewing the detailed order, and taking appropriate legal advice.
SEBI bars Zee Ent’s Punit Goenka, Subhash Chandra from holding directorial positions
The interim order against the individuals were passed following investigations, which revealed that Chandra and Punit Goenka abused their position as directors of Zee Entertainment in 2019 by siphoning off funds for their own benefit.
Load More
