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Updated Sep 14, 2021 | 07:58 IST
Zee Entertainment, Invesco, Zee Entertainment MD, Punit Goenka Zee, Zee Entertainment Board, Zee independent directors resignation, Zee AGM, Ashok Kurien, Chokhani, iias, Zee AGM tomorrow
Invesco seeks removal of Punit Goenka from Zee Entertainment board 
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Goenka is the managing director (MD) and chief executive officer (CEO) of the media company. Kurien partnered with media magnate Subhash Chandra to set up Zee, while Chokhani is director of investment company Enam Holdings.,winamax sport

gungle,ZEE informed the BSE about the September 11 notice issued by Invesco on late Monday night.

In a statement to the stock exchanges, the company said the funds sought the appointment of six independent directors, including Surendra Singh Sirohi, Naina Krishna Murthy, Rohan Dhamija, Aruna Sharma, Srinivasa Rao Addepalli and Gaurav Mehta on the board of Zee. The promoters, Subhash Chandra's family, own only 4 per cent of the company and had to offload their stake to clear dues worth Rs 13,000 crore taken by the promoter entities of ZEEL after defaulting.,handball betting predictions

Chokhani, Kurien step down,chievo fc

Chokhani and Kurien have, however, submitted their resignations before the extraordinary general meeting (EGM). In a stock exchange filing, the company stated that the two have resigned as non-executive non-independent directors. The company said Chokhani has resigned due to “changed life circumstances and perspectives post covid", while the reason cited for Kurien was his “preoccupation." Both tenures ended as of September 13.,tennis point

best free slot games,The company is required to seek the green signal from the Ministry of Information and Broadcasting (I&B) in connection with the appointment of the new independent directors. Invesco has enclosed the relevant declarations and information required from each of the proposed independent directors. "Accordingly, we request the company submit an application with the ministry seeking approval for the appointment of the proposed independent directors at the earliest," it said.

free roulette games no deposit,Zee stock prices fall

aura24 exchange bet,In 2019, Invesco had inked a pact with ZEE promoters to acquire up to 11 per cent of the company for Rs 4,224 crore at Rs 400 per share. However, ZEE’s stocks have plummeted since then. On Monday, it ended at Rs 186.80 apiece on the BSE, up 2.10 per cent.

free credit casino no deposit malaysia 2019,Since 2002, the fund, registered with the US Securities & Exchange Commission, has been a financial investor in ZEE and owned a 7.7 per cent stake in the company before 2019.

A big question mark on corporate governance,1 xbet

free poker sites for us players,Last week, proxy advisory firm Institutional Investors Advisory Services (IiAS) had flagged serious corporate governance concerns in the company by asking shareholders not to vote for the reappointment of independent directors Kurien and Chokhani during the annual general meeting (AGM) scheduled for September 14.

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Goenka is the only member of the promoter family with a board seat. ,free poker sites for us players

fishing slot game,In November 2019, non-executive directors Subodh Kumar and Niharika Vohra had stepped down, alleging governance lapses on matters such as related-party deals, film financing and corporate social responsibility expenses.

Settled over 90% debt: Chandra,football ground size in meters

football betting india,Media mogul Subhash Chandra had quit as chairman of ZEEL in 2019, nearly a week after the promoters sold a 16.5 per cent stake in the company to financial investors, which brought down their stake to around 5 per cent.

ruleta free online,In a regulatory filing to the stock exchanges, ZEEL had said that Subhash Chandra expressed his intention to resign as chairman with immediate effect given the change in shareholding and the board has accepted his resignation. Chandra had founded the company in 1992.

online 918kiss,Last month, Subhash Chandra had said just 8.8 per cent of his overall debt remains to be settled, as 91.2 per cent of the dues have already been paid. “I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts...,” he had said.

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