Zee stock tanks 10% on report of Sebi 'uncovering $241-mn accounting issue
Wed, Feb 21, 2024 11:38 AM

Zee stock tanks 10% on report of Sebi 'uncovering $241-mn accounting issue

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Zee Entertainment Limited's shares dropped by 10% after it was reported that the company may have diverted around Rs 241 million. The Securities and Exchange Board of India (Sebi) is investigating and has spoken to Zee's top officials, including the founders, to clarify the situation. However, Zee has clarified that they are not in negotiations with Sony to revive a scrapped merger deal.

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