Directed by Nilesh Krishnaa, ‘Annapoorani’ was released in theatres on 1 December and began streaming on Netflix on 29 December. Co-producers Zee issue apology.
SEBI, in August, had barred Goenka and Subhash Chandra from holding positions in Zee company boards for allegedly diverting company funds to the group's other listed entities and firms.
The board its order had alleged the duo were actively involved in diverting company funds to the group's other listed entities and firms related to founding shareholders.
Report comes day after Sony Pictures Entertainment said it took country's markets regulator's order banning Zee Entertainment CEO from holding board positions 'seriously'.
Zee and Sony Group Corp had earlier announced a merger to create a $10 billion TV enterprise in 2021, with Goenka set to become the merged entity's MD and CEO.
SEBI said in its order that Chandra and Goenka were actively involved in diverting company funds to the group’s other listed entities and firms related to founding shareholders.
The slide can see a possible delay in merger with the local unit of Japan's Sony Group Corp which was initiated to take on the likes of Netflix and Disney in India.
Zee’s managing director and CEO Goenka said the revenue will certainly approach almost $2 billion & that he expects all the necessary approvals to come in 8-10 months.
In West Bengal, Left is in a dead heat with Congress for the wooden spoon; Maoism in the tribal heartland has been entombed; and in Kerala, the Left fights double incumbency.
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American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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