Zee Entertainment Shares Jump 7% After SAT Grants Conditional Relief, Clears Fundraising Plan
Zee Entertainment shares rose 7% after the Securities Appellate Tribunal granted conditional relief in its case with SEBI, allowing the company and Punit Goenka to proceed with a preferential issue of fully convertible warrants. The relief requires penalties to be deposited within a week, while mar…
Shares of Zee Entertainment Enterprises Ltd (ZEEL) gained as much as 7% on August 14 after the Securities Appellate Tribunal (SAT) granted conditional relief to the company in its dispute with SEBI. The order allows Zee and Punit Goenka to proceed wi... [2010 chars]