Subhash Chandra Resigns As Chairman Of Zee Entertainment

The Hindu Business Line|November 26, 2019

Subhash Chandra Resigns As Chairman Of Zee Entertainment
But will continue as non-executive director; move follows fall in promoters’ stake to 5%

Subhash Chandra on Monday resigned as Chairman of the Zee Entertainment board but will continue as a non-executive director.

The move comes days after the media mogul announced that he’ll be selling a further 16.5 per cent promoter stake in Zee Entertainment, leaving his holding down to just 5 per cent.

“In the light of the changes in shareholding, Subhash Chandra has expressed his intention to resign as Chairman of the Board with immediate effect.

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November 26, 2019