Page 19 - Subhash Chandra News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Zee Entertainment denies media reports of a $240 million 'accounting hole,' calling them incorrect and false. The embattled Indian broadcaster asserts cooperation with SEBI and states they are addressing comments requested. SEBI reportedly uncovers a potential diversion of around Rs 2,000 crore, ten times higher than initial estimates, according to Bloomberg News sources

The amount flagged by SEBI was roughly 10 times higher than investigators had initially estimated, the Bloomberg report said. The amount calculated was not final and could be revised after SEBI reviewed responses from the company's executives, the report added.

At the time of writing, Zee's shares were trading down 10.12 per cent at Rs 173.15, after previously dropping sharply by 33 per cent to a 52-week low of Rs 152.5 on January 23, 2024.

Zee Entertainment Limited shares cracked almost 10 per cent in morning trade today; Know details

India's market regulator has made a preliminary finding that 20 billion rupees has been diverted out of Zee Entertainment Enterprises' books, and Zee Group founders have been called in...