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Seeking legal advise on SEBI order in land pledge case, no bearing on ongoing fundraising: Zee
Zee Entertainment Enterprises is seeking legal advice after SEBI barred it from the securities market. The market regulator also prohibited Chairman Emeritus Subhash Chandra and MD Punit Goenka for one year. This action stems from the unauthorised pledge of Hyderabad land to secure promoter-linked loans. The company asserts this order will not impact its fundraising efforts.
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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.
