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#DeshKaZee: Bollywood celebs extend support to Puneet Goenka over ZEEL-Sony merger, bash China for poaching investors

#DeshKaZee: Bollywood celebs extend support to Puneet Goenka over ZEEL-Sony merger, bash China for poaching investors
Written by bobby

New Delhi: The mega-merger of ZEE Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India was announced a few days back. What followed was a series of frivolous reporting by a section of media, especially after Invesco’s recent stand on the matter.

Also, this raises suspicion on Invesco acting as a puppet of China’s possible conspiracy against ZEEL-Sony mega-merger. Recently, many big names from Bollywood such as ‘showman’ Subhash Ghai and Boney Kapoor tweeted in support of Zee group. They wrote:

Lately, some media reports have been falsely citing Invesco’s version to take on ZEEL MD & CEO Punit Goenka, though everything seems fabricated as these reports have failed terribly in their mala fide attempt to malign the image of esteemed organisation – ZEEL and its MD & CEO Punit Goenka.

Recently, Dr Subhash Chandra – Founder, Zee Entertainment Enterprises Limited, stated some tough questions for Invesco who is believed to be acting at someone’s behest –pointing all fingers on China. 

Dr Subhash Chandra’s facts-laden statement leaves no room for any confusion and highlights the dubious intention of the media publishers, who have been levelling false and baseless comments on ZEEL.

The Board of Directors of ZEE Entertainment Enterprises Limited (ZEEL) in its board meeting held on 21st September 2021, had unanimously provided in-principle approval for the merger between Sony Pictures Networks India (SPNI) and ZEEL.  

The Board had evaluated not only on financial parameters but also on the strategic value which the partner brings to the table. The Board had concluded that the merger will be in the best interest of all the shareholders and stakeholders.

Punit Goenka will continue as the Managing Director (MD) and Chief Executive Officer (CEO) after the merger of Zee Entertainment and Sony Pictures India.  

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