Mega Merger: Punit Goenka to remain CEO and MD of ZEEL-Sony Pictures Networks India merged entity
Punit Goenka
PunitGoenka will remain theManagingDirector and Chief ExecutiveOfficerofthe new entity created by the mega merger ofZee Entertainment Enterprises Ltd (ZEEL) andSony Pictures Networks India (SPNI), it has been announced.
In fact, SPNI insisted on appointing Goenka as the CEO and MD of the merged entity. “Itis an integral partof the proposed merger that Mr PunitGoenka continues to be the Managing Director and CEO of the mergedentity,” the companies said in a press release.
According to the term sheet, the promoter family is freeto increase its shareholding from the current ~4% to up to 20%, in the normal courseof business, the release said.
"The management of ZEEL, ably led by Mr Punit Goenka, continues to steadily work towards achieving higher profitability in line with its set goals for the future. With this corporate development, the merged entity will result into an accelerated growth and a significant opportunity to create tremendous value for all its stakeholders," it said.
Sony Pictures Entertainment, the parent company of SPNI, will infuse $1.575 billion in the merged entity.
&im=FitAndFill=(700,400))
‘Half-tank rule’: Does keeping your fuel tank full improve mileage?
&im=FitAndFill=(700,400))
How did all four US Navy pilots survive horrific midair fighter jet crash? What led to the collision?
&im=FitAndFill=(700,400))
Ebola outbreak declared 'international health emergency' by WHO: Is it a pandemic? WION Decodes
&im=FitAndFill=(700,400))
‘Automatic cars vs manuals’: Which uses more fuel?
&im=FitAndFill=(700,400))
Does regular servicing actually improve your car’s fuel economy?
&im=FitAndFill=(700,400))
36,000-pound thrust: 5 ways China's J-20 fighter jet's new engine can completely changes the aerial balance
)
Trump posts photo of himself walking with an alien, hilarious reactions follow - 'The alien's abs...'
)
Why Swedes still sing Rabindrasangeet more than a century later
&im=FitAndFill=(700,400))
‘100+ km/h penalty’: How much extra fuel do cars use at high speeds?
&im=FitAndFill=(700,400))
Does turning off the radio and headlights actually save fuel?
&im=FitAndFill=(700,400))
'Hydraulic Arms': How the USS Abraham Lincoln pops up its emergency net
)
‘All will be forgiven’? SECRET document claims US involvement in Imran Khan’s ouster as Pak PM. The mystery of cypher - cable I-0678
)
'Made in Pakistan' fan donated to UP madrasa triggers probe
&im=FitAndFill=(700,400))
Next set of UFO Files: Pastors say 'translucent beings' and alien abductions part of new tranche
&im=FitAndFill=(700,400))
What are Chola copper plates that Netherlands returned to PM Modi? FULL LIST of other artefacts brought back to India since 2014
&im=FitAndFill=(700,400))
'Night Vision': Why the USS Abraham Lincoln bans white flashlights on deck
&im=FitAndFill=(700,400))
Meet top 5 batters fastest to 14,000 T20 runs
&im=FitAndFill=(700,400))
'Iran's new 'vessel declaration' rule': What it means for global oil shipping
)
Jana Nayagan release: CM Vijay takes action, asks producer to return from Cannes
)
From weapons to wheels: Sweden’s deepening ‘Make in India’ partnership
)
Pakistani Lashkar terrorist infiltrates to set up sleeper cells, gets hair transplant done in Srinagar
&im=FitAndFill=(700,400))
Does parking in the shade prevent fuel evaporation in the summer?
)
Netanyahu-Trump talks fuel fears of renewed Iran strikes amid reports of Op Sledgehammer: Will the war start again?
)
‘Silence of virgin girl counts as consent’: Taliban formally recognises child marriage
)
'US citizen since....'This is why Diljit Dosanjh can't enter the political world in India!
&im=FitAndFill=(700,400))
Does cruise control really save fuel?
&im=FitAndFill=(700,400))
What is the ideal car speed for maximum fuel savings?
&im=FitAndFill=(700,400))
'Sleep Deprived': How the USS Abraham Lincoln crew survives endless night operations
)
2 US fighter jets collide mid-air, crash during air show at Idaho’s Mountain Home Air Force Base | Video
)
India's Green Mirage: Northeast is quietly losing its forest cover while India celebrates gains
&im=FitAndFill=(700,400))
Indian rupee becomes Asia’s worst-performing currency- Who else is on the list?
&im=FitAndFill=(700,400))
Indians at Cannes 2026: Alia Bhatt, Aditi Rao Hydari, Huma Qureshi and others stun on the global red carpet
&im=FitAndFill=(700,400))
Petrol vs diesel: Which car engine really saves more money in daily driving?
)
How a Norwegian conglomerate preserved the taste of South India and turned it global
&im=FitAndFill=(700,400))
New OTT releases this week (May 18-24, 2026): System, Tom Clancy's Jack Ryan, Desi Bling- 6 movies and shows coming on Netflix, Prime Video and more
&im=FitAndFill=(700,400))
Trump breaks silence on report of Pakistan allowing Iran spy aircraft at Nur Khan base amid mediation talks
Disclaimer: Zee Entertainment is not our sister concern/ group company. Though our names sound similar, but our company is owned by Zee Media Corporation, which is a different group
