At the same time, many minority investors of Zee too have written to the regulator and institutional investors, expressing their outrage at the promoters. While pointing out that the firm's financial performance has deteriorated over the last two years, they urged Sebi and the bigger investors to take immediate action against the board and investigate the matter.
In his 16 January letter, a copy of which Mint has seen, Chandra said the Securities and Exchange Board of India (Sebi) has been acting with a predetermined mind, and sought the minister's intervention to safeguard minority investors. Chandra cited excerpts from an order by the Securities Appellate Tribunal (SAT), which had overturned a Sebi order barring him and son Punit Goenka from holding any key position in the merged entity.
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World Bank calls for reforming skills training in India
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FCPA cases take long to conclude after indictment
For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.
Short-covering, relief rally add ₹7.27 trillion wealth
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COP29's $1.3 tn fund plan disappoints Global South
The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South.
Jaguar rebrand is pink, diverse and doesn't feature any cars
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Services up as manufacturing slows in Nov
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MSMED may protect medium firms too
The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.
Europe boosts Indian textile exports in FY25
Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis
RBI nudges banks to cut speculative bet in rupee
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