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In a statement following reports over the fate of the deal in view of Sebi's interim order against Essel Group chairman and Zee Entertainment Enterprises Ltd MD and CEO, Sony Pictures Entertainment said it takes the Sebi interim order seriously
Sony Pictures Entertainment is taking an interim regulatory order against ZEE Entertainment directors Subhash Chandra and Punit Goenka "very seriously," despite concerns over what it could mean for the two companies' merger.
The media company was under Sebi scanner for delaying disclosures related to invocation of pledged shares; probe was initiated under insider trading regulations
Best Media Info: On Friday, the SAT refused to give any interim relief to Essel Group chairman Subash Chandra and his son Punit Goenka after the markets regulator barred them from holding the position of a director or| Television News
Regulator says there is prima facie evidence that they have been siphoning money out of Zee Entertainment Enterprises Ltd