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Subhash Chandra not cooperating in Zee fund diversion probe: Sebi tells tribunal
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₹2,000 crore, in the accounts of Zee Entertainment Enterprises. This amount is nearly 10 times more than what Sebi investigators had initially estimated.
SAT has given 10 days for Sebi to file a reply in the matter and posted the matter for further hearing on 8 March. Sebi's investigation into fund diversions at Zee essentially resulted in the collapse of Sony India's proposed $10-billion merger with the Indian company, primarily over objections to Goenka helming the new entity.
Read more on livemint.comAbout this in other media
Ceigall India Limited files DRHP with SEBI to raise funds via IPO livemint.com /8 months ago
Sebi moves to curb inflows into small- and mid-cap funds livemint.com /8 months ago
As small cap valuations enter dangerous territory, Sebi tells fund houses to get cautious. Details here livemint.com /8 months ago
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