Sebi bans Zee’s Subhash Chandra, Punit Goenka from markets for a year
Mumbai: The Securities and Exchange Board of India (Sebi) on Friday barred Zee Entertainment Enterprises (ZEEL) founder Subhash Chandra and CEO Punit Goenka from the securities market for one year each and imposed a total penalty of ₹1.48 crore over an unauthorised pledge of the company’s land in Hyderabad to secure loans taken by promoter-linked Essel Group entities.
The capital-markets regulator also fined ZEEL ₹30 lakh and prohibited the company from accessing the securities market for two months.
