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SAT Clears Zee Entertainment’s ₹3,100-Crore Warrant Fundraise, Extends Issue Deadline
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SAT Clears Zee Entertainment’s ₹3,100-Crore Warrant Fundraise, Extends Issue Deadline

The Securities Appellate Tribunal (SAT) has granted interim relief to Zee Entertainment Enterprises Ltd (ZEEL), allowing the company and its managing director and chief executive officer, Punit Goenka, to proceed with a proposed preferential issue of fully convertible warrants worth around ₹3,100 crore. The decision provides a crucial window for the company to complete a...