New Delhi/Mumbai, Feb 23 (UNI) Broadcasting company Zee Entertainment on Friday said it has constituted an Advisory Committee, headed by a former Judge of Allahabad High Court, to tackle "widespread circulation of misinformation, market rumours and speculation" which have led to "erosion of investor wealth" of the firm.

"The Board of Zee Entertainment Enterprises Ltd (ZEEL) has approved to constitute an Independent Advisory Committee that will enable it to review and take cognizance of the widespread circulation of misinformation, market rumours, and speculation that has led to the formation of negative public opinion about the company and consequent erosion of investor wealth," the company said in a statement.