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ZEE: Sebi set to question ZEE top brass including Subhash Chandra and Punit Goenka on 'fund diversion'

ZEE shares tumbled 14.8% on the BSE on Wednesday to close at Rs 164.50 apiece, after Bloomberg reported Sebi had found that about $241 million (Rs 2,000 crore) might have been diverted by the company promoters. This has added to the steep decline in the ZEE share price after Sony Group scrapped a $10-billion merger plan involving its India business. A key factor for the collapse of the deal was the Sebi finding. ....

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Subhash Chandra, Punit Goenka may face Sebi questioning over 'fund diversion'

A June probe by the regulator found diversion to the tune of Rs 200 crore through related party transactions, a charge contested by Zee before the Securities Appellate Tribunal. ....

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zee share price: Zee shares rally 3% despite negative news flow. Is it a dead cat bounce?

The upside comes in Zee stock after it ended Wednesday s session 15% lower after Bloomberg reported that Sebi had found that about $241 million (Rs 2,000 crore) might have been diverted by the company promoters. ....

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