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Merger Deal signed Between ZEEL and SPNI

Published on September 23, 2021
Current Context: The board of Zee Entertainment Enterprises Limited (ZEEL) approved the merger of the company with Sony Pictures Networks India (SPNI).
Merger Deal signed Between ZEEL and SPNI
  • 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: 

Q.1 Who was appointed as the MD and CEO of the merged entity formed by merging Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI)?
a. Manish Chokhani
b. Ashok Kurien
c. Punit Goenka 
d. N.P. Singh
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