Zee forms interim committee to oversee operations as SEBI order bans Punit Goenka
SEBI had stated that Subhash Chandra and Goenka had allegedly
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SEBI had stated that Subhash Chandra and Goenka had allegedly
The announcement comes after SEBI barred MD and CEO Punit Goenka and ex-chairman Subhash Chandra from holding directorial, managerial positions.
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.
'With the help of legal experts, I am exercising my legal rights to seek justice,' Goenka told his employees
Get latest articles and stories on Latest News at LatestLY. Leading media firm Zee Entertainment Enterprises Ltd (ZEEL) has formed an "interim committee" to run day-to-day operations as its managing director and chief executive Punit Goenka failed to get relief from the Securities Appellate Tribunal (SAT). Latest News | Zee Forms Interim Committee to Run Operations as Punit Goenka Fails to Get Relief from SAT.