Zee Entertainment shares plummet 12% amidst Sebi investigation
Wednesday, 21 February 2024
Shares of Zee Entertainment Enterprises Ltd (ZEEL) dropped 12% due to reports of financial inconsistencies uncovered by the Securities and exchange board of India (Sebi). ZEEL stock plummeted on BSE and NSE, while BSE Sensex and Nifty of NSE rose. Sebi's investigation into Zee's founders revealed a potential diversion of approximately Rs 2,000 crore from the company.
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