- The aim behind this merger is to attain higher growth and profitability and become leading media and entertainment company across South Asia.
- As a part of this merger, majority stakes will behold by SPNI.
- The shareholders of SPNI will also infuse growth capital into SPNI as part of the merger.
- The merged firm will be then listed on the Indian stock exchanges.
- Under the merger, SPNI shareholders will hold a 52.93% stake and Zee shareholders will hold a 47.07% stake.
- The MD and CEO of the merged entity will be Punit Goenka. He is the CEO of Zee Entertainment.
- The SPNI has the authority to nominate majority directors on the board of the merged entity.
Question:
a. Manish Chokhani
b. Ashok Kurien
c. Punit Goenka
