MUMBAI: Michelle Lee Guthrie has returned to the Balaji Telefilms board as director. The company has posted an announcement at the Bombay Stock Exchange (BSE) about Guthrie's return.
Liza Jane Newnham, alternate director to Guthrie, has ceased to be the director of the company on return of the original director, Michelle Lee Guthrie to the state of Maharashtra, states the announcement. Newnham had replaced Guthrie in October 2005 on a temporary basis.
The Star Group chief executive officer joined the board of Balaji as additional director in January 2005. Guthrie was appointed as a non-retiring director, following the allotment of 21 per cent (13,694,193 equity shares) of the total post issued paid up share capital of Balaji to Asian Broadcasting FZ-LLC (ABF), a Star Group affiliate, for Rs 1.23 billion.