Punit Goenka reinstated as MD and CEO of ZEEL
Punit Goenka will remain the Managing Director and Chief Executive Officer of Zee Entertainment Enterprises Ltd. (ZEEL) as per media reports. This news comes shortly after ZEEL announced its Q3 financial results for FY 2020. According to reports, while Goenka has been reinstated his remuneration is under review after Essel Group's stake in ZEEL has come down to 5%.
Subhash Chandra who founded ZEEL will also continue to remain on the board of directors in a non executive capacity. He stepped down as Chairman of ZEEL in November 2019.