A merged Sony-Zee will be better off without Punit Goenka

The new entity will probably not have the Zee CEO at the helm. That could be a good thing.

On Monday morning, the Securities Appellate Tribunal dealt a hard knock to Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises CEO Punit Goenka. It upheld the Securities and Exchange Board of India’s 12 June interim order that barred the father-son duo from holding any managerial position or directorship in listed entities on account of their alleged siphoning off of funds.

In their defence, Chandra and Goenka argued that the interim order was delivered without giving them a hearing or even issuing them a show-cause, which they called unusual given the gravity of the order and it pertaining to issues …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor