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SAT allowed ZEEL and Punit Goenka to complete the promoter-group fully convertible warrant issuance, subject to depositing full penalties within one week, and extended the deadline by one week. Securities-market restrictions otherwise continue; mutual-fund transactions are permitted for ordinary-course needs, excluding dividend payments. Context: advances the pending capital raise.
SEBI Bars Zee Entertainment Two Months, Goenka And Chandra Twelve Months
Zee Entertainment Shareholders Approve Rs 3,143.5 Crore Promoter Warrant Issue
Zee Entertainment Approves ₹3,143 Crore Warrant Issue to Promoter Entity