 "Three Zee Entertainment directors resign, cite related-party transactions")
Institutional investors, who own a majority stake in Zee Entertainment Enterprises Ltd (ZEEL), are seeking more clarity from the Invesco fund on its proposal to revamp the board of the company and will support it if the plan is well defined. Large investors prefer continuity at the top to avoid any disruption in the operations of the company.
“Though it’s too early, we would also be going with the Invesco Fund on this issue. Having said that, we would also look at who would be at the helm of the company if the existing CEO (chief executive officer) is removed
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