Zeel’s shareholders want a professional to lead the company: Proxy advisors

Zee Entertainment Enterprises (ZEEL) stocks closed up by 4.87 per cent on Friday at Rs 129.10 per piece on the NSE after shareholders voted against Punit Goenka, chief executive officer (CEO), reappointment as the director of the company.

Goenka had offered to stand again as the director as his term by rotation was ending. As per ZEEL’s stock exchange filing, 50.45 per cent of the shareholders voted against the reappointment and 49.54 per cent of shareholders voted in favour of Goenka’s reappointment in the annual general meeting of the company.