The Hindu·3 min read·hard
SEBI slaps ₹1.5 crore fine on Zee Entertainment top bosses for fund diversion
T
The Hindu Bureau
✦AI Summary
SEBI has fined Zee Entertainment and its top executives, Subhash Chandra and Punit Goenka, for diverting company funds to promoter-linked entities. The regulator has also barred them from the stock market for one year.
Securities and Exchange Board of India (SEBI) penalised Zee Entertainment Ltd (ZEEL) along with its promoters Subhadh Chandra and Punit Goenka ₹1.5 crore and barred them from the stock market for one year for diverting company assets to benefit promoter-linked entities.
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