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Mumbai: Zee Entertainment Enterprises Ltd failed to secure shareholder approval for its proposal to issue fully convertible warrants to promoter group entities on a preferential basis at an extraordinary general meeting (EGM) on Thursday. The rejection of the resolution highlights growing shareholder concerns over corporate governance and promoter influence, market watchers said. While 60% participating shareholders voted in favour of the resolution at the EGM, it fell short of the 75% thresho ...Read More >
New Delhi: Dr Subhash Chandra, the chairman emeritus of Zee Entertainment Enterprise (ZEEL) on Thursday, July 3, urged shareholders and investors to make their own decisions, rather than going by the recommendations of the proxy advisors. Dr Subhash Chandra said, "Our learned proxy advisors, and sometimes even some analysts, have their own reasons and points of view when they advise shareholders to vote for or against a resolution. At times, their personal bias may influence their recommendatio ...Read More >
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