Sebi bars Punit Goenka from holding key post in Zee-Sony merged entity

In the confirmatory order issued against Zee Entertainment Enterprises’ (ZEEL) promoters Subhash Chandra and Punit Goenka, the markets regulator has said it will complete the investigation in the matter within eight months in the alleged fund diversion case.

However, the Securities and Exchange Board of India (Sebi) has barred the father-son duo from holding a directorship or key managerial positions in Zee Entertainment, Zee Media Corporation, Zee Studios, Zee Akaash News and any other company formed as a merger or demerger of these entities.