Siti Cable and Dish TV arrears to be cleared over 12 and 24 months: Punit Goenka
According to reports, ZEEL has hired third party analysts to look into the finances of the two companies
It has been reported that Punit Goenka will remain the Managing Director and CEO of Zee Entertainment Enterprises (ZEEL), a move aimed at allaying investor concerns about management continuity after the company posted muted results for Q3 FY20.
However, according to reports Goenka's remuneration is being reviewed by the board after the promoter ownership has come down 5 per cent during the quarter.
Media reports quote Goenka who said that ZEEL had analysed due recoverability from Siti Cable and Dish TV. As per the plan, the arrears will be cleared over 12 and 24 months. ZEEL has reportedly hired third party analysts to look into the finances of the two companies.
ZEEL Founder and former Chairman Subhash Chandra, who stepped down from his position in November will continue to be on board as a non-executive Director.
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