Zee Entertainment Enterprises fell 1.27% to Rs 339.30 after the company said it has completed the process of reconstitution of the board and appointed three new independent directors.
The board of Zee Entertainment Enterprises (ZEE) completed the process of reconstitution of the board and appointed three new independent directors in lieu of two independent and one nominee Director of Essel Group, namely Niharika Vora, Sunil Sharma and Subodh Kumar, respectively.
The founder of ZEE Subhash Chandra, during the meeting, expressed his intent to step aside as the chairman of the company. The board accepted his resignation with regret and applauded his vision for the company and the industry at large.
The reconstituted board consists of six independent directors and two members from the Essel Group. The reconstitution of the board was to strengthen and induct independent members with varied experiences to build value.
Zee Entertainment Enterprises is one of India's leading media and entertainment companies. It is amongst the largest producers and aggregators of entertainment content in the world, with an extensive library of television content.
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