Topic
zee
Finance Zee moves SAT, seeks one-day extension for warrant subscription after Rs 75 crore delay
Zee Entertainment Enterprises has approached the Securities Appellate Tribunal (SAT) seeking a one-day extension to complete a warrant subscription by promoter entity Sunbright Mauritius Investments, after about Rs 75 crore of the subscription amount was credited after the deadline. SAT, which had earlier allowed the warrant issuance and set an Aug 21 deadline, is expected to rule on Thursday.
Finance Sebi Bars Zee's Subhash Chandra, Punit Goenka From Market for One Year
Sebi has barred Zee group's Subhash Chandra and Punit Goenka from the market for one year for fraudulently pledging ZEEL's Hyderabad land parcels as security for personal loans. The regulator fined Chandra Rs 60 lakh, Goenka Rs 58 lakh and ZEEL Rs 30 lakh over the 2018 incident. The order came after four group entities took loans totalling Rs 726 crore in December 2016.