Troubles mount for Zee, Punit Goenka as report says SEBI probe reveals up to Rs 1,000-cr siphoned
A report said on Tuesday that the alleged amount siphoned being investigated by market regulator has risen substantially
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A report said on Tuesday that the alleged amount siphoned being investigated by market regulator has risen substantially
In the morning session, the 30-share BSE Sensex declined 133.76 points or 0.19 per cent to trade at 71,289.89, while NSE Nifty fell 0.05 points to trade at 21,561.35.
Zee Entertainment Enterprises Ltd (ZEEL) tumbled over 33% Tuesday and touched its 52-week low of Rs152.50 on NSE following a termination letter sent by Sony to call off the merger
ZEE Entertainment Enterprises Ltd (ZEEL) on Monday held a board meeting in order to discuss the merger termination notice sent by Japan's Sony Group Corp. Nation. Top News
Culver Max Entertainment is seeking a $90 million termination fee from Zee Entertainment Enterprises due to alleged breaches of the Merger Co-operation Agreement (MCA). Zee denies the allegations and states that it holds all rights in the matter, suggesting legal action may be taken.