Zee Entertainment shares soared 7% as the Securities Appellate Tribunal (SAT) stayed SEBI's order, enabling the company to proceed with its ₹3,143 crore preferential warrant issue.
In addition to allowing the warrant issue, SAT also permitted ZEEL to redeem its mutual fund units for operational purposes and dividend distribution. However, this interim relief is conditional on the company depositing the penalty imposed by SEBI. ... [954 chars]Higgsfield raises $400 million, valuation jumps to $5.4 billion
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