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Zee Entertainment Enterpriseshas constituted a panel to examine the allegations levelled against the company, its promoters and key managerial personnel by regulatory bodies. ....
The amount flagged by SEBI was roughly 10 times higher than investigators had initially estimated, the Bloomberg report said. The amount calculated was not final and could be revised after SEBI reviewed responses from the company's executives, the report added. ....
Out of the 42 AMCs, only 29 invested in ZEE, while the remaining 13 held a very small amount of the stock, with ICICI Mutual Fund holding the highest exposure to ZEE. ....
Monday s announcement marks the conclusion of a two-year deal process. The merger with Sony, according to analysts, was expected to potentially rescue Zee from its current crises and decline in market share. ....