Zee Entertainment share price slips 9% after chairman Subhash Chandra's resignation
The board has cleared the appointment of Ashish Agarwal as the company secretary after M Lakshminarayanan also tendered his resignation.
November 26, 2019 / 10:28 AM IST
Zee Entertainment Enterprises share price slipped 9 percent in the morning trade on November 26 following the resignations of chairman Subhash Chandra and other senior officials.
Chandra had a day earlier resigned as the chairman of the board with immediate effect. He will, however, remain a non-executive director of the cash-strapped company.
Chief compliance officer and company secretary M Lakshminarayanan has also quit. Ashish Agarwal is the new company secretary.
Neharika Vohra and Sunil Sharma tendered their resignations as independent director. Surendra Singh, R Gopalan and Aparajita Jain have been appointed as independent directors by the board.
At 09:58 hours, Zee Entertainment Enterprises was quoting at Rs 324.30, down Rs 19.35, or 5.63 percent, on the BSE.