In light of the changes in shareholding, Mr. Subhash Chandra has expressed his intention to resign as Chairman of the Board of Zee Entertainment Enterprises Ltd with immediate effect.
The Board accepted his resignation and noted that this is in line with the requirements of Regulation 17 (1B) of SEBI Listing Regulations, which mandates that the Chairperson of the Board shall not be related to the Managing Director or the Chief Executive Officer of the Company. He will remain as Non-Executive Director of the Company.
Shares of ZEE ENTERTAINMENT ENTERPRISES LTD. was last trading in BSE at Rs.343.65 as compared to the previous close of Rs. 357.9. The total number of shares traded during the day was 1090878 in over 15000 trades.
The stock hit an intraday high of Rs. 354.8 and intraday low of 338.75. The net turnover during the day was Rs. 379251639.