Sebi bars Punit Goenka, Chandra for a year; fines Zee ₹1.48 crore
Sebi Zee Entertainment fines
Covered by 4 sources
- The Print Economy·4h agoSebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
New Delhi, Aug 1 (PTI) Sebi has prohibited Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year over unauthorised pledge of the company’s Hyderabad land to secure loans…
Read at The Print Economy → - Business Today IN·5h agoSebi bars Subhash Chandra, Punit Goenka from securities market for one year over ZEEL land pledge
In its 150-page final order issued on Friday, the market regulator also imposed monetary penalties totalling ₹1.48 crore on Chandra and Goenka. ZEEL has been fined ₹30 lakh and prohibited from accessing the securities market for two months.
Read at Business Today IN → - ET Markets·17h agoSebi 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.
Read at ET Markets →