Sebi rejected the settlement applications by Zee Entertainment Enterprises and Punit Goenka, and referred the matter for further investigation. The order also stated that the show-cause notices issued against Zee,

The regulator has referred the matter for further investigation, integrating the allegations from the show-cause notices into the ongoing probe.

The shares of Zee Entertainment Enterprises Ltd. (ZEE) rallied as much as 7.1% on Friday, hitting an intraday high of Rs 132.8 on the Bombay Stock Exchange (BSE). The uptick came amid an otherwise bearish sentiment in the broader market,

The Securities and Exchange Board of India has merged investigations against Zee Entertainment and its top executives over fund diversion and disclosure violations.

A Sebi committee has declined a settlement offer from Zee Entertainment, former chairman Subhash Chandra, and former MD Punit Goenka regarding listing norm violations. Instead, Sebi's adjudicating officer must incorporate new findings from the investigation and issue a fresh show cause notice.

The regulator had initiated adjudication proceedings against Zee, Subhash Chandra, and Punit Goenka for the alleged violations of listing and disclosure norms

The Securities and Exchange Board of India (SEBI) has dismissed settlement applications filed by Zee Entertainment and Punit Goenka. The regulator has referred the matter for further investigation, subsuming the allegations of the show cause notices with the ongoing investigation.

The Securities and Exchange Board of India (Sebi) has withdrawn its show-cause notice (SCN) against Zee Entertainment Enterprises Ltd (ZEEL) and its promoters, Subhash Chandra and Punit Goenka, issued in July 2022.