ZEEL has expanded the role of its independent advisory panel to include investigation assessment.

 This decision was made as the market regulator Sebi is investigating the company’s promoters for alleged fund diversion. 

The independent advisory committee, now named the Independent Investigation Committee, will provide guidance on measures to protect stakeholders’ interests.

 Additionally, the company’s market value decreased last week, but there were reports of a potential merger with Sony Pictures Networks (India) to salvage investor confidence.

 Last year, Sebi had barred ZEE promoters Subhash Chandra and Punit Goenka from holding directorships in listed companies due to fund siphoning allegations.

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