ZEE's hunt for ₹3,144 crore faces SEBI ban setback
Synopsis Zee Entertainment's promoter fundraise faces regulatory hurdles after Sebi's market ban. The company and its top executives are prohibited from securities dealings for a
Synopsis Zee Entertainment's promoter fundraise faces regulatory hurdles after Sebi's market ban. The company and its top executives are prohibited from securities dealings for a year.
This order casts doubt on the proposed ₹3,144-crore warrant issue to promoters. Legal experts suggest the warrant subscription may be delayed without interim relief. The
regulator also imposed penalties for unauthorized land pledges by promoter entities.
The BriefWire