PUNIT GOENKA
Zee Entertainment approves Rs 600-crore share buyback at Rs 91 apiece; promoters to stay out
Zee Entertainment has approved a Rs 600 crore share buyback at Rs 91 per share, a 24% premium over its latest NSE closing price. The company will repurchase up to 6.59 crore shares through the tender offer route, with November 25 fixed as the record date. Promoters will not participate.
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 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.
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.
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.
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.
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
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.
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.
Load More
