The Securities Appellate Tribunal (SAT) has granted interim relief to Zee Entertainment Enterprises from the Securities and Exchange Board of India (SEBI) order, subject to the company depositing the penalty amount.
As part of the interim relief, SAT has allowed Zee Entertainment to proceed with its proposed preferential issue of warrants.
The tribunal has also permitted the company to access its mutual fund units for the purpose of distributing dividends.
However, the relief remains subject to Zee Entertainment depositing the penalty imposed by SEBI, SAT said.
This Is A Developing Story
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
