India's Securities and Exchange Board (SEBI) has uncovered a significant discrepancy exceeding 20 billion rupees ($241.36 million) in the accounts of Zee Entertainment Enterprises, according to the Bloomberg sources. SEBI had previously accused Zee Group's founders, Chairman Subhash Chandra and CEO Puneet Goenka, of actively diverting company funds to other listed entities., Companies News, Times Now
Culver Max Entertainment, formerly known as Sony Pictures Networks India (SPNI), has terminated merger agreements with Zee Entertainment, which could have otherwise created a USD 10 billion media enterprise in the country. Zee's stock touched its lower price band on both BSE and NSE as the bourses revised lower circuit limit for the company on Tuesday.
Zee Entertainment Share Price: Stay updated on the latest developments in the Zee Entertainment Sony merger deal as reports suggest a potential call-off, influencing Zee share prices. Get real-time updates on this at news18.com