SEBI punch holes in Punit Goenka s defence on siphoning off funds at Zee thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Earthstone Energy, Inc. (NYSE: ESTE) inked a deal to acquire Novo Oil & Gas Holdings, LLC, a privately-held Delaware Basin-focused E&P company, for $1.5 billion.
Sebi had stated that the siphoning of funds appears to be a well-planned scheme since, in some instances, the layering of transactions involved using as many as 13 entities as pass-through entities within a short period of two days only. The order came after Sebi conducted an examination in the wake of the resignation of two independent directors - Sunil Kumar and Neharika Vohra - of ZEEL in November 2019.