Zee forms panel to shore up investor confidence

Zee Entertainment Enterprises (Zee) on Friday announced a three-member independent advisory committee headed by Satish Chandra, retired judge of the Allahabad High Court, to restore shareholders’ confidence.

The committee will also have Uttam Agarwal and P V Ramana Murthy, independent directors of the company.

“Taking cognisance of widespread circulation of misinformation, market rumours, and speculation that has led to formation of negative public opinion about the company and consequent erosion of investor wealth, the board of directors of the company has constituted an independent advisory committee,” Zee said in a stock exchange filing.