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Zee shares tumble 12% after Sebi action against Subhash Chandra, Punit Goenka
Zee Entertainment shares plunged over 12% after Sebi barred founder Subhash Chandra and CEO Punit Goenka from the securities market for one year over an unauthorised property pledge case. The regulator also fined ZEEL and flagged governance lapses, even as shareholders recently approved a Rs 3,144 crore promoter fundraise.
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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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Zee shareholders approve Rs 3,143 crore promoter fund infusion, ESOP plan
Zee Entertainment shareholders have approved a Rs 3,143.5 crore preferential warrant issue to a promoter group entity, paving the way for higher promoter ownership of 23.79%.…
