SAT decision to lift Sebi bar on Chandra and Goenka from holding key positions a boost for Zee
Relates to Sebi interim order against duo for diverting money to private entities
Source: businesstoday.in
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zee entertainment shares: Zee Entertainment shares rise over 3% after SAT sets aside SEBI order against Punit Goenka
In an interim order, the Securities and Exchange Board of India (SEBI) in June restrained Essel Group Chairman Subhash Chandra Goenka and Goenka from board seats in any entity formed through the merger or amalgamation of the four Zee group companies. SEBIs investigations showed that Chandra and Goenka abused their position as directors of Zee Entertainment in 2019 by siphoning off funds for their own benefit.
Source: indiatimes.com
Tribunal Rejects SEBI's Order Against Zee's Punit Goenka
In a major relief to Zee Entertainment Enterprises' promoter Punit Goenka, the Securities Appellate Tribunal on Monday quashed Sebi's order that had barred him from holding key managerial posts in the company and other group firms.
Source: ndtv.com
SAT lifts SEBI ban on Zee Entertainment's Punit Goenka | Business News
The SAT also asked Goenka to cooperate with the Securities and Exchange Board of India (SEBI) in the investigation. The tribunal said in the event any material comes out against Goenka during the course of investigation then SEBI can adopt appropriate procedures in accordance with law.
Source: indianexpress.com
NIIF Initiates Sale Of Maiden Roads Portfolio With Over 1 Bn Value - BW Businessworld
It is claim that JP Morgan, an investment firm, has been hired by the NIIF to supervise the sale of this road portfolio, , roads, economy, jp morgan
Source: businessworld.in