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Zee Media independent director quits
The massive plunge in Zee Entertainment Enterprises Ltd (ZEEL) stock last week following a media report which said that Zee promoters Essel Group was involved in money laundering has had a fallout in the resignation of an independent director of group firm Zee Media Corp (ZMC).
By
migrator
migrator
Mumbai
ZMC has informed stock exchanges that one of its independent directors, Vishwapati Trivedi, who was appointed to the post as recently as January 24, resigned on January 27, citing the recent upheavals impacting the company.
On Friday, after a media report said the Zee promoter Essel Group was involved in money laundering in the aftermath of the November 2016 demonetisation, the shares of the company’s entertainment arm tanked.
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