Zee Entertainment Limited has denied a media report that the Securities and Exchange Board of India (SEBI) is investigating statements by Zee group founder Subhash Chandra about the promoter family s plans to increase its stake in the company. The company stated that it is not aware of any information that has not been announced to the exchanges, and that the statement quoted in the news article does not represent a decision or proposal that has been considered or approved by the Board.
We seem to be very busy discussing political succession (sometimes in family affiliated parties, also). We make comparisons and discuss whether the new family member / new dynast making a bid for the Top Party.
The Securities and Exchange Board of India's (Sebi) had restrained the duo on June 12 from holding any managerial or directorship position in listed entities on account of alleged fund diversion.
Zee founder Subhash Chandra and his son Punit Goenka used an intricate web of entities to fake recovery of loans and siphoned off funds "for their own benefit", markets regulator Securities And Exchange Board Of India (SEBI) has alleged.