Top Story

e4m_logo.png

Home >> International >> Article

Zee Telefilms plans to recast its board

13-April-2001
Font Size   16
Share
Zee Telefilms plans to recast its board

Zee plans to recast its board and bring in an eminent professional to address concerns on corporate governance. The newly-constituted board would create the framework for instituting best practices corporate governance including, but not limited to, areas such as investment and portfolio direction, independent audit board committees, etc.

Claims and counter-claims continued to be exchanged for the third consecutive day on the controversial issue of the acquisition of shares in B4U and AB Corp by Subhash Chandra-controlled Essel Group companies.

Interestingly, Zee continues to insist that the Essel group has in fact picked up a 15 percent stake in B4U and 28.6 percent in the Amitabh Bachchan promoted AB Corp. In a statement, the company has said it has received feedback from FIIs and minority investors, which were provided to the investment companies.

Zee also claims to have made other investments in media and entertainment firms through the Rs 220 crore raised from Global Trust Bank and internal accruals. Nothing is clear about the nature of stakes in these unnamed companies. A large portion of the Rs 220 crore, however, has gone towards investments in B4U and AB Corp.

Tags

Aparna Bhosle, Business Cluster Head - Premium & FTA GEC channels - ‎ZEEL, on its new property, sponsors, investment on acquisition and response to BBC First

In an interview with exchange4media, Ferzad Palia says that most successful brands are not those who spend the most money

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Southeast Asian market

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

As Milind Pathak takes over as Managing Director - Southeast Asia, Httpool, we chat with him on his new role, aspirations and his plans to aggressively penetrate the operations of the group in the Sou...

The group released the Little Hearts online-only campaign, #BreakSomeHearts, early this year and is on the path to make many more of its brands available on the digital platform

Aroon Purie, the India Today Group Chairman and Editor-in-Chief today appointed his daughter Kallie Purie as the Vice Chairperson of the group