The ZEEL board has in a statement said that it strongly condemned the allegations made by ‘certain proxy advisory firms’ against its former non-executive directors, Kurien and Chokhani.
Analysts, however, are not amused as they say the exit of the Goenka family, which currently owns just 3.99 per cent in Zee Entertainment Enterprises, is a matter of time.
The entities had allegedly traded in the scrip of Zee Entertainment while in possession of unpublished price sensitive information.
On January 1, 2020, the TRAI issued new tariff rules by which the Network Capacity Fee price was lowered, benefitting consumers.
Headlined by Salman Khan, the film will have a theatrical release on May 13 and will also simultaneously stream on multiple platforms, including OTT and DTH services.