Sebi issues show-cause notice to ZEEL over fund diversion
after close1 source ↓written by the desknot a recommendation
The Securities and Exchange Board of India (Sebi) issued a show-cause notice to Zee Entertainment Enterprises (ZEEL) and 84 other entities regarding alleged fund diversion and governance issues. ZEEL has denied the allegations and plans to file a formal response. This scrutiny stems from concerns raised after the resignation of two board directors in November 2019.
Not investment advice. For informational purposes only.