Punit Goenka is the elder son of Subhash Chandra, the Chairman of the Essel Group.
Sony has officially called off its merger with Zee Entertainment, pointing to unresolved conditions as the key reason. The decision is primarily tied to leadership disagreements, especially involving Zee's CEO, Punit Goenka, who is currently under investigation by the Securities and Exchange Board of India (SEBI).
Now, Punit Goenka has said he is open to stepping down for the merger's sake.
“Mr. Punit Goenka, MD & CEO of ZEEL, was agreeable to step down in the interest of the merger and proposals in this regard were discussed, including for appointment of a director on the Board of the merged company, protections for the conduct of pending investigations and legal proceedings in the best interest of ZEEL's directors and shareholders,” read a statement by the company.
Here are some facts about Punit Goenka:
– Punit Goenka is the elder son of Subhash Chandra, the Chairman of the Essel Group. He is married to Shreyasi, an art patron and co-director of the Saat Saath Arts Foundation. They have two sons and a daughter.
– Punit Goenka pursued higher education at Institut Le Rosey, a boarding school in Rolle, Switzerland.
– Punit Goenka was recognized among the top 100 CEOs of India.
Punit Goenka was honoured with the prestigious IAA Leadership Award in the category of ‘Media Person of the Year Award' and received the 'Outstanding Contribution to Media' award at the Managing India Awards hosted by AIMA. He was also awarded the esteemed Medaille d'Honneur Award at MIPTV.
– Mr Goenka serves as a Board of Director for the Indian Broadcasting & Digital Foundation (IBDF).