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zee: Zee, Sony merger energised as SAT lifts ban on Punit Goenka

Monday s order, which now supersedes a restrictive ruling by the Securities and Exchange Board of India (Sebi) in August, ensures Goenka will continue to hold leadership positions in Zee and, in the future, as a key executive of the merged entity. The capital markets regulator could challenge the SAT ruling in the Supreme Court. ....

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Relief for Zee's Punit Goenka as SAT Overturns SEBI Ban | Know Impact On Sony Merger

On Monday, the Securities Appellate Tribunal (SAT) revoked a prior regulatory prohibition on Punit Goenka, the managing director and CEO of Zee Entertainment Enterprises, from holding significant managerial roles in listed firms. This move potentially accelerates the intended merger between Zee and Culver Max Entertainment, the local subsidiary of Japan's Sony Group Corp. , Companies News, Times Now ....

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