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SEBI bars ZEE's Chairman Subhash Chandra, MD and CEO Punit Goenka for 1 year from securities market
Updated On: 01 August, 2026 11:56 AM IST | New Delhi | PTI
The case relates to the execution of a Deposit and Declaration Agreement on December 27, 2018, under which the original title deeds of ZEEL's Hyderabad property were handed over to Indiabulls Housing Finance as security for loans taken by Essel Home and other borrowing entities linked to the Essel Group
Representational Image. File pic.
Sebi has prohibited Zee Entertainment Enterprises Ltd (ZEEL) from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year over unauthorised pledge of the company's Hyderabad land to secure loans availed by promoter-linked Essel Group entities.
Additionally, the regulator imposed a total penalty of Rs 1.48 crore on them, according to a 150-page final order passed late on Friday.
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