Notice No20230401-2Notice Date01 Apr 2023
CategoryComplianceSegmentGeneral
SubjectFinal Order in the matter of Zee Entertainment Enterprises Limited
Content

To

All Trading Members of the Exchanges 

Sub: Final Order in the matter of Zee Entertainment Enterprises Limited.

In continuation to the Exchange Notice No. 20210812-36 dated August 12,2021 and 20210927-51 dated September 27,2021 on the captioned matter.

SEBI vide its order no. WTM/AN/IVD/ID17/25354/2022-23 dated March 31,2023, has inter-alia issued following directions:

  • The Noticee Nos. 1, 2 and 3 are restrained from accessing the securities market and further prohibited from buying, selling or otherwise dealing in securities (including units of mutual funds), directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of two years, from the date of this order.
  • The obligation of the Noticees restrained/prohibited by this Order, in respect of settlement of securities, if any, purchased or sold in the cash segment of the recognized stock exchange(s), as existing on the date of this Order, are allowed to be discharged irrespective of the restraint/ prohibition imposed by this Order. Further, all open positions, if any, of the Noticees, restrained/ prohibited in the present Order in the F & O segment of the recognised stock exchange(s), are permitted to be squared off, irrespective of the restraint/ prohibition imposed by this Order.

 

 

This Order is effective from the date of the order.

A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.

Trading members are advised to take note of the same and ensure compliance.

                                                                                                               

Jeevan Noronha                                                                                          Shubham Benere

Regulatory Correspondence                                                                     Regulatory Correspondence                                                        

Date: April 01, 2023

Attachments
Final Order in the matter of Zee Entertainment Enterprises Limited.pdf