Market regulator Securities and Exchange Board of India (SEBI) barred Essel group chairman Subhash Chandra and Zee Entertainment Enterprises Ltd (ZEEL) s chief executive officer (CEO) of Punit Goenka from holding directorial or key managerial positions (KMP) in any listed company or its subsidiaries.
In an interim order passed on 12 June, Sebi stated, “The Noticees (Chandra and Goenka) shall cease to hold the position of a director or a Key Managerial Personnel in any listed company or its subsidiaries until further orders.” The order is to be read with the interim order dated 25 April, 2023 passed in the matter of Shirpur Gold Refinery, , subhash chandra, punit goenka, zee entertainment enterprises, sebi
The market closed marginally higher, with the Sensex up 123.38 at 62,027.90 and the Nifty gaining 17.80 points at 18,314.80. About 1,650 shares advanced, 1,859 declined and 129 remained unchanged
Market regulator Securities and Exchange Board of India (SEBI), in an interim order cum show cause notice, has barred Essel group company, Shirpur Gold Refinery Ltd, its promoter Amit Goenka, who is the son of the group chairman Subhash Chandra Goenka and six others, from selling, disposing of or diluting their shareholding in the Company, for misrepresenting the Company s financial statements and diverting its funds.