Sebi imposes penalty of Rs 1.48 crore on Zee Entertainment

India’s markets regulator Securities and Exchange Board of India (SEBI) said ‌on ⁠Friday ⁠it imposed a penalty of 14.8 million rupees ($155,168.80) on Zee Entertainment and its ⁠chief executive ‌and chairman emeritus.

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.