Zee Media says Punit Goenka resigns from board of directors

Zee Media

22/07/2020 13:19

MUMBAI, July 22 (Reuters) - Indian news group Zee Media
 ZEEN.NS  said on Wednesday that Punit Goenka, chairman and
managing director of Zee Entertainment  ZEE.NS , had resigned as
a non-executive, non-independent director of its board.
    Goenka resigned on account of "preoccupation", Zee Media
said in a statement to exchanges. The resignation will come into
effect by the end of business hours on Wednesday.
    Zee Media and Zee Entertainment were both founded by media
tycoon Subhash Chandra Goel, owner of the Essel Group, of which
Zee Media remains a part. 
    Last year Goel and his family sold most of their stake in
Zee Entertainment, which he founded in 1992, going from 41% to
less than a 5% holding in the company. 

 (Reporting by Shilpa Jamkhandikar; Editing by Jan Harvey)
 ((shilpa.jamkhandikar@thomsonreuters.com;))