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The Latest Breaking News from Punit Goenka

Sebi uncovers $241 million accounting issue at Zee

As part of its investigation into the Zee founders, the Securities and Exchange Board of India, or Sebi, found that about 20 billion rupees ($241 million) may have been diverted from the company, said people familiar with the matter who did not want to be identified as the information is…

The Times of India

‘Sony’s criminal design to start merger and withdraw’: Subhash Chandra

“I can prove it was Sony’s criminal design to start the merger process and then withdraw,” Zee Entertainment Enterprises chairman emeritus Subhash Chandra has told The Economic Times in an interview.

Newslaundry

Sony 'Terminates' Indian Merger With Zee

Sony "terminated" on Monday the $10-billion merger of its Indian operations with local rival Zee Entertainment that would have created a new streaming giant in the world's most populous nation.

International Business Times

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‘Repetitive probe’ in Yes Bank case may impact merger with Sony: Zee to SEBI

Zee has reportedly written to the Securities and Exchange Board of India that “continuous and repetitive” investigations – in a case pertaining to an alleged Yes Bank fund diversion – may impact its merger with Sony.

Newslaundry

SEBI bars Subhash Chandra, Punit Goenka from holding key managerial positions

In an interim order passed on Monday, SEBI barred Subhash Chandra and his son, Zee Entertainment Enterprises Limited CEO Punit Goenka, from holding directorial or key managerial positions in any listed company or its subsidiaries.

Newslaundry

Invesco funds to divest up to 7.8% stake in ZEEL

NEW DELHI: Investment firm Invesco on Wednesday said three funds managed by its developing markets investment team, including Invesco Developing Markets Fund, will sell up to 7.8 per cent of the share capital of Zee Entertainment Enterprises Ltd (ZEEL) to align exposures to the firm with other funds managed by…

The Times of India

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Subhash Chandra

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