Mr. Manish Chokhani reappointed independent director of Zee Entertainment Enterprises Limited

Mr. Manish Chokhani (DIN: 00204011), upon completion of his second term as an Independent Director, ceased to be a Director of Zee Entertainment Enterprises Limited on close of business hours on March 31,2021.

Further, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company have approved the appointment of Mr. Manish Chokhani (DIN: 00204011) as an Additional Director in the category of Non-Executive Non-Independent Director of the Company with effect from April 1, 2021.

Mr. Manish Chokhani is not debarred from holding the office by virtue of any SEBI Order or any other authority.

Mr. Manish Chokhani is a Chartered Accountant and MBA from the London Business School and is one of India's most respected financial experts and investors.

From 2006 to 2011, he was CEO of Enam Securities, India's leading investment bank. He led its $400 million merger in 2011 with Axis Bank to create Axis Capital Ltd., which he led as MD & CEO until the end of 2013. Under his leadership, Enam/ Axis mobilized ~ 25% of all equity funds raised in India and were the house banker to several leading Indian business groups.

Prom 2014 to 2016, he served as Chairman of TPG Growth in India and from 2017 to 2019 as Senior Advisor to TPG Group, one of the world's largest PE firms.

He currently serves as independent director on various boards including Westlife Development Limited (McDonalds), Shoppers Stop Limited, Auxilo Finserve Private Limited, Parksons Packaging Limited. He also serves on the Governing Board of Flame University.

He is a Board Member of Livinguard AC, a healthcare technology company based in Switzerland.

Mr. Chokhani is a member of the Young Presidents' Organization. He has served as a member of SEBI's Alternative Investment Promotion Advisory Committee and as Co-Chairman of the Capital Markets Committee at the IMC. He has been a visiting faculty member at IIM Kozhikode and has served on the International Alumni Board and scholarship panels of the London Business School.

Shares of ZEE ENTERTAINMENT ENTERPRISES LTD. was last trading in BSE at Rs.203.15 as compared to the previous close of Rs. 201.1. The total number of shares traded during the day was 457131 in over 4201 trades.

The stock hit an intraday high of Rs. 204.45 and intraday low of 199. The net turnover during the day was Rs. 92503704.

Source : Equity Bulls

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