Zee Entertainment Enterprises settles case with Sebi

Zee Entertainment Enterprises Ltd on Wednesday settled with markets regulator Sebi a case pertaining to an alleged violation of regulatory norms.

Zee Entertainment Enterprises Ltd (ZEEL) paid Rs 7 lakh as a settlement fee to the regulator.

The order came after ZEEL proposed to settle the pending proceedings “without admitting or denying the findings of fact and conclusion of law” through a settlement order.

The instant adjudication proceedings initiated against the applicants (ZEEL) vide show cause notice (SCN) dated July 15, 2022, are disposed of,” Sebi’s Adjudicating Officer Vijayant Kumar Verma said in the settlement order.