Large shareholders may nudge Zee Entertainment board on action plan

Share prices of Zee nosedived after collapse of its merger agreement with Sony Pictures Networks

Alarmed by its falling share prices, large shareholders of Zee Entertainment Enterprises are planning to seek the views of the company's board on the future plans of the Indian media conglomerate. The shareholders may also ask Zee to call an extraordinary general meeting of shareholders to elect new directors to steer the company if they are not satisfied with its future plans.

An institutional source said the action will be taken as early as next week and the move was triggered by the company's share price crash. The share prices of Zee nosedived sharply after the collapse of