SEBI’s investigation into Zee promoters reveals more problems
Tue, Jan 23, 2024 5:13 PM

SEBI’s investigation into Zee promoters reveals more problems

A Flip by Shubhangi Gupta
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Sony Pictures and Zee's $1 billion merger deal has been called off after two years of negotiations. This has caused a 25% fall in Zee's stock. However, the company may face further troubles as SEBI is expected to release its orders within 2-3 months regarding an investigation into fund siphoning and window dressing of accounts by the promoters, Punit Goenka and Subhash Chandra Goenka.

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