Zee Entertainment shares in focus after CEO withdraws consent for reappointment

Zee Entertainment shares in focus after CEO withdraws consent for reappointment

ByKaushiki

Punit Goenka, the former CEO and managing director of Zee Entertainment Enterprises Ltd (ZEEL), has formally withdrawn his consent to be reappointed following his resignation as managing director of Zee Business. The ZEEL board proposed Goenka’s reappointment for a five-year term starting January 1, 2025, contingent on shareholder approval at the next Annual General Meeting…

Zee Entertainment share price surges 8% as Punit Goenka quits as firm's MD

Zee Entertainment share price surges 8% as Punit Goenka quits as firm’s MD

ByKaushiki

On Tuesday, November 19, morning trading on the BSE saw a nearly 8% increase in Zee Entertainment shares, one day after the business announced Punit Goenka’s resignation as managing director. Nevertheless, he will remain the CEO. In contrast to its closing price of 115.50, Zee Entertainment’s stock began at 118.05 and increased by as much…