OICHARTS
8 AMThe 8 AM report →
MediaEntertainmentMedium impactPre-market

Sebi issues show-cause notice to ZEEL over fund diversion

pre-market1 source ↓written by the desknot a recommendation

dated
12 Feb 2023

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. The notice, dated 12 Feb 2023, has been refuted by ZEEL, which plans to file a response. The company aims to protect shareholder interests amid ongoing scrutiny.

• Chairman Emeritus Subhash Chandra and CEO Punit Goenka are named in the notice.

• The investigation began after resignations of two directors in November 2019 raised concerns.

This development may impact investor sentiment and trading activity around ZEEL shares.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 20 Feb 2026, 07:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

ZEEL closed −2.2% on the day of the news, from ₹92.70 to ₹90.70; Nifty +0.5% over the same session.

Bulletin at 07:10 IST on 20 Feb 2026. Every change is measured from ₹92.70, the last close before it, on 19 Feb. Nifty 50 is measured over the same sessions.

  • ZEEL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
ZEEL closes around the bulletin against the close before the news, with Nifty 50 rebased to it78.6592.70106.75axis spans 36%before the news · 19 Feb92.70Nifty 50ZEELbulletinD0+1+3+513 Feb25 Feb9 MarReference close ₹92.70. 16 sessions from 13 Feb to 9 Mar; the price axis spans 36 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before19 Feb₹92.70basebase
On the day20 Feb₹90.70▼ −2.2%▲ +0.5%−2.6 pp difference
+1 session23 Feb₹90.76▼ −2.1%▲ +1.0%−3.1 pp difference
+3 sessions25 Feb₹88.38▼ −4.7%▲ +0.1%−4.8 pp difference
+5 sessions27 Feb₹87.45▼ −5.7%▼ −1.1%−4.6 pp difference
Gap at the open, % · ₹
▼ −1.0%−0.95 on 20 Feb
Day's range, % · ₹
3.4%≈ 3.2 high to low
Volume on the day
0.95×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

Source NSE UDiFF bhavcopy · ZEEL on the desk →

Related