Zee receives tribunal approval for $330 million fundraising
after close1 source ↓written by the desknot a recommendation
- capital raise despite
- $330 million
Zee Entertainment Enterprises has received interim relief from the Securities Appellate Tribunal, allowing it to proceed with a $330 million capital raise despite a SEBI ban. The tribunal's decision permits the promoter fund infusion, contingent on the company depositing the penalty imposed by SEBI. Following the ruling, Zee shares surged over 5%.
Not investment advice. For informational purposes only.