SAT lifts ban on Zee's Punit Goenka on holding key positions
Securities Exchange Board of India (Sebi), in August, had barred Goenka and Zee Group Chairman Subhash Chandra from holding positions in Zee company boards alleging they were actively involved in diverting company funds to the group's other listed entities and firms related to founding shareholders. While acknowledging the SAT order, Zee said in a statement that Goenka will cooperate with any further investigations by the regulator. Shares of Zee Entertainment rose as much as 3.7% post the order.
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