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Sebi bans Zee's Subhash Chandra, Punit Goenka from markets for a year
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.
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economictimes.indiatimes.com
Sebi imposes penalty of Rs 1.48 crore on Zee Entertainment
SEBI also said it barred the company's CEO Punit Goenka and founder Subhash Chandra from the securities market for one year for violating the securities law.
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thehindubusinessline.com
SEBI bars Zee Entertainment's Punit Goenka and Subhash Chandra for one year; imposes ₹1.48 crore penalty
SEBI imposes ₹1.48 crore penalty on Zee Entertainment, Punit Goenka and Subhash Chandra, citing governance lapses and undisclosed loan security arrangements.
