SAT allows Zee to proceed with ₹3,143.5 cr fundraise
pre-market1 source ↓written by the desknot a recommendation
- capital raise
- ₹3,143.5 crore
The Securities Appellate Tribunal (SAT) has granted partial relief to Zee Entertainment Enterprises, allowing a ₹3,143.5 crore capital raise through fully convertible warrants to Sunbright Mauritius Investments. This approval comes despite a two-month SEBI ban on the company, which remains in effect. ZEEL must deposit the penalties imposed by SEBI within a week to proceed.
Not investment advice. For informational purposes only.