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VERIFIEDET Finance·neutral
Seeking legal advise on SEBI order in land pledge case, no bearing on ongoing fundraising: Zee
AI Summary
- ·SEBI has barred Zee Entertainment Enterprises from the securities market and prohibited Chairman Emeritus Subhash Chandra and MD Punit Goenka for one year.
- ·The SEBI order is related to the unauthorised pledge of Hyderabad land to secure promoter-linked loans.
- ·Zee Entertainment Enterprises stated that the SEBI order will not impact its ongoing fundraising efforts.