Sebi clubs fund diversion, disclosure violation probes against ZEE, Punit Goenka and Subhash Chandra

The capital market regulator on Thursday clubbed proceedings against Zee Entertainment Enterprises Ltd (ZEEL), its chief executive Punit Goenka and former chairman Subhash Chandra over allegations of fund diversion and violation of disclosure requirements.

The Securities and Exchange Board of India (Sebi) will now investigate these allegations together, as per its order dated 2 January.