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LIC votes reveal governance fault lines at India Inc.

In the nine months ending December 2023, the country's biggest share market investor showed dissent in around 2% of the board proposals it had to decide on as a shareholder.

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When shareholder voting is on, many directors pull their candidature

Most of these opt-outs have happened at firms plagued with governance issues

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Zee will Sue Sony; Promoter Family to Hike Holding by 5%

Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, has alleged that Sony intentionally prevented a merger despite the Zee promoters offer — during extended negotiations — to have Punit Goenka step aside from the chief executives post.

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Zee Entertainment: Rebellion in the ranks: Zee Entertainment's shareholders huddle to remove Punit Goenka, chairman Gopalan from board, to seek Sebi intervention

As part of its ongoing investigation against key management personnel of Zee Entertainment Enterprises Ltd (ZEEL), including CEO and MD Punit Goenka, SEBI has questioned some former directors regarding their steps to protect minority shareholder rights amid the failed Sony merger.

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Zee Entertainment: Sebi queries ZEEL ex-directors; shareholders weigh options

A number of domestic and overseas institutional shareholders in ZEEL are also in discussions backchannel to coordinate on future course of action, multiple people involved in the discussions said. Large domestic institutions are also engaging with one proxy advisory firm to explore a common course of action that might be palatable to a broader base of investors.

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Zee, Sony to make one last try to save the merger

Sony Pictures Entertainment and Zee Entertainment Enterprises have agreed to extend the deadline for their $10bn merger by 30 days after failing to find common ground in negotiations.

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Zee-Sony merger teeters on the brink of collapse

On Sunday, Zee had requested Sony for more time to complete the merger

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Adesh Kumar Gupta to step down as a Director of ZEEL

Adesh Kumar Gupta to step down as a Director of ZEEL
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ZEE Entertainment shares tumble 9% after director's exit ahead of AGM, recover smartly

ZEE shares: Gupta was a member of audit committee, and chairman of risk management committee and stakeholders relationship committee of the board after the AGM.

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Adesh Kumar Gupta to quit ZEEL as director

In a stock market filing, the company said it had received a letter from Gupta informing it of his intention not to continue as a director of the company after the AGM.

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