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The Ministry of Corporate Affairs (MCA), which is investigating Zee Entertainment Enterprises Ltd (ZEEL) over alleged corporate governance violations, has written to the Securities and Exchange Board of India (Sebi) seeking details on its latest findings on fund diversion that have been cited in media reports, said people aware of the matter.
Zee Entertainment Enterprises on Friday constituted an independent advisory committee headed by Satish Chandra, retired judge of Allahabad High Court, to curb erosion of its investor wealth in the wake of speculations, leading to negative public opinion of the company.
Indian media giant Zee is setting up an advisory committee in the wake of recent allegations about its financial transactions.
Zee in an exchange filing said the panel will help the firm fix negative public opinon that led to 'erosion onf investor wealth'.
Indian media giant Zee Entertainment Enterprises Limited (ZEEL) is setting up an advisory committee in the wake of recent allegations about the company’s…