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Last week Rahul Johri, who was President - Business of ZEEL, and heading revenue and monetisation, resigned after a stint of over three years

Earlier in the day, Sony ended the merger, which was announced two years ago

SEBI's interim order alleged Zee Entertainment Enterprises of bogus book entries and siphoning of funds

Sebi's orders come after it found that Subhash Chandra and Punit Goenka siphoned off funds for their own benefits from their listed entity ZEEL

Zee Entertainment Enterprises Ltd. has started settlement talks with its creditors to repay debts

Sony Pictures Networks India (SPNI) will own about 51% of the newly consolidated firm, which will be listed on the Stock exchange