Zee Entertainment Enterprises Ltd’s (ZEE) Board of Directors on Tuesday approved a merger with Sony Pictures Networks India, the company said in a regulatory filing on Wednesday morning. The move paves the way for Punit Goenka to retain his position as MD and CEO of ZEE group, fending off Invesco’s attempt to get him off the Board. “The Board of Directors of ZEE Entertainment Enterprises Ltd present and voting in its board meeting held on 21st September 2021, unanimously provided an in-principle approval for the merger between Sony Pictures Networks India (SPNI) & ZEE,” the filing said.

Zee Entertainment Enterprises Ltd’s (ZEE) Board of Directors on Tuesday approved a merger with Sony Pictures Networks India, the company said in a regulatory filing on Wednesday morning. The move paves the way for Punit Goenka to retain his position as MD and CEO of ZEE group, fending off Invesco’s attempt to get him off the Board. “The Board of Directors of ZEE Entertainment Enterprises Ltd present and voting in its board meeting held on 21st September 2021, unanimously provided an in-principle approval for the merger between Sony Pictures Networks India (SPNI) & ZEE,” the filing said.