ZEEL
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CBI books Subhash Chandra in ₹1,322 crore LIC Housing fraud case
The Central Bureau of Investigation has registered an FIR against Essel Group Chairman Subhash Chandra for allegedly defrauding LIC Housing Finance of ₹1,322 crore. The case stems from a loan that reportedly turned into a non-performing asset, with Chandra accused of diversion of funds and criminal conspiracy. This development marks a significant escalation in the probe, which now enters the judicial phase.
Banks challenge NCLT order; Zee shares crash 14% on 99.97% haircut
Creditor banks Canara Bank and Union Bank have moved the NCLAT to challenge the NCLT order in the Subhash Chandra personal guarantee case, while the media mogul claims his dues as personal guarantor are resolved. The dispute has triggered a sharp selloff in Zee Entertainment shares, which plunged 14%, dragging the Nifty Media index down 4.5%.
Zee Entertainment surges after SAT grants interim relief
Zee Entertainment spurts after SAT grants interim relief in SEBI case Zee Entertainment Enterprises surged 5.34% to Rs 101.92 after media reports said the Securities Appellate Tribunal (SAT) granted interim relief to the company in its dispute with the Securities and Exchange Board of India (SEBI).
SAT stays Sebi order, ZEEL shares jump 8%
ZEEL shares jump 8% as SAT stays Sebi order, allows fundraise from promoter Zee had sought permission to proceed with its proposed ₹3,143 crore preferential warrant issue and a relaxation in the 14-day window for completing the process.
SAT stays SEBI order against Zee Entertainment
1 Min Read Shares of Zee Entertainment Enterprises Ltd. (ZEEL) surged 7% on Friday, August 14, after the Securities Appellate Tribunal (SAT) granted interim relief to the company in its case against the Securities and Exchange Board of India (SEBI). SAT stayed the SEBI order against Zee Entertainment and allowed the company to proceed with its proposed ₹3,143 crore preferential warrant issue to promoters.
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