SAT allows Zee to proceed with ₹3,143 crore preferential warrant issue

The tribunal extended the deadline for the issuance by one week, subject to payment of penalties, while the securities market debarment imposed by Sebi will continue

Zee Entertainment's shares experienced a surge following the Securities Appellate Tribunal's grant of interim relief. The tribunal has put a hold on SEBI's order, permitting promoters to issue preferential warrants. Additionally, ZEEL is allowed to utilize mutual fund units for…