News Point: Media’s intrepid warrior
The occasion couldn’t have been better for Zee Entertainment (Zee), best-known for its eponymous TV channels, which launched India’s cable & satellite revolution in 1992. Just days ahead of Zee CEO Punit Goenka’s 50th birthday on June 20, the company announced plans by the promoters to hike their stake in the company to over 18%. This was on June 16. The stock rose 4% a day after and analysts gave a thumbs-up to the promoters’ proposed capital infusion of Rs 2,237 crore into the firm.
