ZEE Entertainment institutional investors seek removal of MD Punit Goenka; call for EGM today : Rashtra News Punit Goenka is the son of Essel Group Chairman Emeritus Subhash Chandra. (Image: REUTERS)Zee Entertainment Enterprises (ZEE) major institutional investors Invesco Developing Markets Fund and its subsidiary OFI Global China Fund LLC have called for the removal of Managing
After just over two years of high drama, Sony Pictures Networks India (now called Culver Max Entertainment) finally declared The End on its merger with Zee Entertainment Enterprises Ltd (ZEE) on 22 December 2021.
On Friday, Dish TV told the exchanges that its two-member board had considered the candidatures of Girish Paranjpe and Arvindnachya Chandranachya and advised the management to seek consent from both executives.
Dish TV’s board now is left with only two independent directors, Rashmi Aggarwal and Shankar Aggarwal, which is less than the minimum number of six directors on a board, as required by the market regulator.
The investors said the move raises suspicion that the Dish TV board is deliberately ignoring the recommendations of its largest shareholder JC Flowers Asset Reconstruction Co.