Zee share price to be in focus on Monday after Sebi bars Subhash Chandra, Punit Goenka for one year
Zee share price, Aug. 1 -- Zee Entertainment Enterprises Ltd. (ZEEL) shares are likely to remain in focus on Monday, August 3, after the Securities and Exchange Board of India (Sebi) barred founder Subhash Chandra and Managing Director and CEO Punit Goenka from accessing the securities market for one year each. The regulator also imposed a combined penalty of Rs.1.48 crore over the unauthorised pledge of the company's land in Hyderabad to secure loans raised by promoter-linked Essel Group entities.
Separately, Sebi levied a Rs.30 lakh penalty on ZEEL and barred the company from accessing the securities market for two months.
According to Sebi, the investigation began after Deloitte Haskins & Sells LLP, ZEEL's statutory auditor, highligh...
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