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Shares of Zee Entertainment Enterprises Ltd (ZEEL) tumbled 12 per cent in the mid-session trade on Wednesday amid reports of capital market regulator Sebi has unearthed a financial discrepancy exceeding USD 241 million (nearly Rs 2,000 crore) in the accounts of the company. The stock of the company nosedived 11.58 per cent to Rs 170.65 apiece on the BSE. ZEEL shares plunged 11.39 per cent to Rs 170.70 per piece on the NSE.
As per the reports, during Sebi's probe into Zee's founders, the regulator discovered that approximately $241 million may have been diverted from the company
(This story has not been edited by THE WEEK and is auto-generated from a PTI
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SEBI has found an accounting issue of over 20 billion rupees ($241.36 million) in the accounts of Zee Entertainment Enterprises.