Zee shares crash 10% after Sebi finds $241 million accounting issue

A day after ending the session 8% higher, shares of Zee Entertainment Enterprises (ZEEL) today hit the 10% lower circuit amid reports that markets regulator Sebi has unearthed a $241 million accounting issue at the media firm.

Sebi investigation into Zee founders revealed $241 million may have been diverted from the company, Bloomberg reported. Read here