Days after a media report quoted Zee Entertainment Enterprises Ltd founder Subhash Chandra on plans to hike the Zee promoter family’s stake in the firm, the company has reportedly told the Bombay Stock Exchange that the remarks do not represent any proposal considered by the board.
A Moneycontrol report had on Tuesday suggested that the Securities and Exchange Board of India was looking into whether Chandra’s remarks amounted to a violation of the listing obligation and disclosure requirements.
