Indian tribunal allows Zee Entertainment to proceed with warrants issue; shares rise
BENGALURU: An Indian appeals tribunal granted Zee Entertainment partial relief from a securities market ban on Friday, allowing the television broadcaster to proceed with a fundraise through an issue of warrants. The Securities Appellate Tribunal, which hears appeals against orders passed by the Securities and Exchange Board of India, allowed Zee to issue fully convertible warrants to a promoter…
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Also reported by 1 other outlet
- Zee Entertainment shares rally 8% after SAT grants interim relief in Sebi order economictimes.indiatimes.com
