Punit Goenka reassures ZEE employees after investors seek removal

BizAsia Correspondent



Punit Goenka has reassured ZEE employees after it emerged that ZEE Entertainment’s largest shareholders Invesco Developing Markets Fund and OFI Global China Fund LLC, sought the removal of its directors, including Punit Goenka.

Exchange4Media reports that the investors want to remove Goenka, as well as Manish Chokhani and Ashik Kurien as directors.

In a message to employees, Goenka said, “As you must have noted, our 39th Annual General Meeting is lined up for tomorrow i.e 14th September 2021. There are certain developments pertaining to the Board composition. We have also disclosed, in the interest, of our shareholders, which will get covered across news media platforms.

I humbly request each one of you to remain focused on your work commitments and not let any speculations deter our service towards 1.3 billion viewers across the globe. It is ‘Business As Usual’ as always, and I assure you that there will be no impact on your day to day work, or the functioning of the company.
I am very proud of you, for your determination and passion; and most above, for your immense contribution towards ZEE 4.0.

I shall continue to see your support and faith, as we progress towards our set goals for the future.”

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