Mumbai, 22/6: The merger between Zee Entertainment and the Indian unit of Japan’s Sony will go through, “whether or not” he is the CEO of the merged company, Punit Goenka told The Economic Times in an interview.
The markets regulator has imposed a one-year ban on Zee Entertainment’s Chairman Subhash Chandra and CEO Goenka for being actively involved in diverting company funds to the group’s related entities, raising questions on the future of the Zee-Sony merger.
Goenka was set to become the merged entity’s managing director and CEO, leading a $10 billion TV enterprise.
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