New Delhi: 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.