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ZEE board approved to amend the nomenclature of the committee from “An Independent Advisory Committee” to ‘An Independent Investigation Committee”.
Zee in an exchange filing said the panel will help the firm fix negative public opinon that led to 'erosion onf investor wealth'.
Zee said the panel was necessitated due to 'widespread circulation of misinformation, market rumours, and consequent erosion of investor wealth'
Zee Entertainment has appointed an Independent Advisory Committee, chaired by retired High Court judge Satish Chandra, and Uttam Agarwal and PV Ramana Murthy, to address negative public opinion and investor wealth erosion caused by rumours and market speculation following the Sony merger.
The committee will be chaired by Dr. Satish Chandra, a retired judge from the Allahabad High Court. Additionally, Uttam Agarwal and P V Ramana Murthy, both independent Directors of the company, will serve as members of the committee.