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The interests of entities, Subhash Chandra and Punit Goenka are factually in direct conflict with the interests of the public shareholders and the company, an order by SEBI Chairman Madhabi Puri Buch on Monday noted.As prima facie found, the ...
The two have been barred from holding Board and KMP positions in ZEEL and associated companies, versus the ban from holding such positions in any listed companies
The Securities and Exchange Board of India's (Sebi) had restrained the duo on June 12 from holding any managerial or directorship position in listed entities on account of alleged fund diversion.
Zee founder Subhash Chandra and his son Punit Goenka used an intricate web of entities to fake recovery of loans and siphoned off funds "for their own benefit", markets regulator Securities And Exchange Board Of India (SEBI) has alleged.
ZEEL shares: Two independent directors of ZEEL resigned in November 2019 after raising concerns over appropriation of certain fixed deposit of ZEEL by YES Bank for squaring off loans of related entities of Essel group.