Zee receives tribunal approval for $330 million fundraising
pre-market1 source ↓written by the desknot a recommendation
- capital raise despite
- $330 million
Zee Entertainment Enterprises has secured interim relief from the Securities Appellate Tribunal, allowing it to proceed with a $330 million capital raise despite an ongoing SEBI ban. The tribunal's ruling permits the promoter fund infusion, contingent on the company depositing the penalty imposed by SEBI. Following the decision, Zee shares rose by over 5%.
Not investment advice. For informational purposes only.