Zee Entertainment Shares Plunge 4% After CFO Resignation
By Rediff Money Desk, New Delhi Jun 19, 2024 11:07
Zee Entertainment Enterprises shares fell over 4% on Wednesday following the resignation of its CFO, Rohit Kumar Gupta. This marks the latest in a series of high-level departures at the company.
![Zee Entertainment Shares Plunge 4% After CFO Resignation](https://im.rediff.com/money/2021/oct/06zee.jpg)
New Delhi, Jun 19 (PTI) Shares of Zee Entertainment Enterprises on Wednesday declined over 4 per cent after the company witnessed another top-level exit, as its Chief Financial Officer Rohit Kumar Gupta resigned.
The stock dropped 4 per cent to Rs 154.35 on the BSE.
On the NSE, it went lower 4.11 per cent to Rs 154.30.
Zee Entertainment Enterprises Ltd (ZEEL) has now elevated Mukund Galgali, as an acting Chief Financial Officer of the company, according to a regulatory filing from ZEEL on Tuesday.
The board of the company has approved the promotion of Galgali, who is with the group for over 17 years and currently spearheading the Commercial & Strategic Initiatives of the company, it added.
The change would be effective from June 19, 2024.
Recently, there have been resignations at the top level from the media & entertainment firm ZEEL.
Last week, ZEEL President of HR & Transformation Animesh Kumar resigned from the company to pursue interests outside the organisation.
In April, the company's president of content and international markets Punit Misra quit.
Earlier, in March this year Rahul Johri who was President of business and heading revenue and monetisation, resigned after a stint of over three years.
In March, Zee Entertainment's President and group chief technology officer, Nitin Mittal had also resigned.
The stock dropped 4 per cent to Rs 154.35 on the BSE.
On the NSE, it went lower 4.11 per cent to Rs 154.30.
Zee Entertainment Enterprises Ltd (ZEEL) has now elevated Mukund Galgali, as an acting Chief Financial Officer of the company, according to a regulatory filing from ZEEL on Tuesday.
The board of the company has approved the promotion of Galgali, who is with the group for over 17 years and currently spearheading the Commercial & Strategic Initiatives of the company, it added.
The change would be effective from June 19, 2024.
Recently, there have been resignations at the top level from the media & entertainment firm ZEEL.
Last week, ZEEL President of HR & Transformation Animesh Kumar resigned from the company to pursue interests outside the organisation.
In April, the company's president of content and international markets Punit Misra quit.
Earlier, in March this year Rahul Johri who was President of business and heading revenue and monetisation, resigned after a stint of over three years.
In March, Zee Entertainment's President and group chief technology officer, Nitin Mittal had also resigned.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 17.90 ( -3.35)
- 166585989
- Alstone Textiles
- 0.75 (+ 8.70)
- 47681821
- GTL Infrastructure
- 3.27 (+ 4.81)
- 44040612
- Visagar Financial
- 0.91 (+ 12.35)
- 29755394
- YES Bank Ltd.
- 23.70 (+ 0.77)
- 22163699
MORE NEWS
![Indian Economy...](https://im.rediff.com/80-80/money/2020/nov/22economy.jpg)
Indian Economy Growth: Exports, Manufacturing &...
Mumbai, June 30 (PTI) Healthy increase in the country's exports, improvement in the...
![India Launches...](https://im.rediff.com/80-80/news/2020/jul/imports-o.jpg)
India Launches Anti-Dumping Probe on Glass...
New Delhi, June 30 (PTI) India has initiated an anti-dumping probe into the import of...
![IBBI Launches...](https://im.rediff.com/80-80/money/2020/dec/16insolvency.jpg)
IBBI Launches Electronic Forms for Liquidation...
New Delhi, Jun 30 (PTI) To ease the compliance burden for insolvency professionals, and...