Punit Goenka to remain Zee's MD as lenders prepare for share sale

Zee Entertainment’s (Zee’s) Managing Director and Chief Executive Officer Punit Goenka has been reappointed to the position, effective January 1 next year, the broadcaster said on Tuesday, as lenders prepare to sell their pledged shares.

In a statement to the stock exchanges, Zee said that an in principle approval for Goenka’s reappointment for a period of five years was finalised by its board of directors in a meeting. Shareholder approval, it said, would be subsequently sought.

Goenka, who is the elder son of Essel group promoter and Zee chairman Subhash Chandra, has been MD of the media firm since January 1, 2010.

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