Sebi bans Zee's Subhash Chandra, Punit Goenka
Synopsis Sebi has barred Zee founder Subhash Chandra and CEO Punit Goenka from the securities market for one year. This action stems from an unauthorized
Synopsis Sebi has barred Zee founder Subhash Chandra and CEO Punit Goenka from the securities market for one year. This action stems from an unauthorized pledge of company land to secure promoter group loans.
The regulator also imposed a significant penalty on Zee Entertainment Enterprises Limited. Shareholders approved a convertible warrant issuance, raising promoters' stake substantially. This development follows
a previous investor rejection of a similar proposal.
The BriefWire