Regulator prohibits Subhash Chandra and Punit Goenka from joining company boards

[{"selector":"#anim-5cbd4082-7d76-411a-9301-c8b3ac0d3571","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6347a831-a0d3-46f9-a01f-7d45b4505b30","keyframes":{"transform":["translate3d(0px, 16.98018%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Brush Stroke Sebi barred Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises Ltd MD and CEO Punit Goenka from holding director or key managerial positions in listed companies.

[{"selector":"#anim-9f01127c-09b8-4634-92ac-9249074f8041","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-677c082b-da3c-4255-bfdf-3f07c7507b48","keyframes":{"transform":["translate3d(0px, 16.98018%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Brush Stroke Chandra and Goenka allegedly abused their positions and siphoned off media firm ZEEL's funds for their own benefit.

Transactions involved layering and using up to 13 entities as pass-throughs within a short period of two days.

[{"selector":"#anim-1fc6586f-7c3c-4a93-ad76-d1afb02996cf","keyframes":{"opacity":[0,1]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3deeeeef-49b2-4059-b057-d55523906b2d","keyframes":{"transform":["translate3d(0px, -99.59318%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2400,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Brush Stroke

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[{"selector":"#anim-682e4f6e-c6a2-4489-8c7c-d0c97e0f0fbf","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5bfd99da-4a62-4e27-9ba2-45305f2d1778","keyframes":{"transform":["translate3d(0px, -20.59193%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Brush Stroke ZEEL share price declines from approximately Rs 600 per share to less than Rs 200 per share between FY 2018-19 and FY 2022-23.

[{"selector":"#anim-15f74031-2887-4642-8951-7fd3488e3013","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe337de2-6864-46c1-88c3-cfd4e0588859","keyframes":{"transform":["translate3d(0px, 16.98018%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Brush Stroke Promoter shareholding drops from 41.62% to current level of 3.99% during this period.

[{"selector":"#anim-de4b2bb7-0e29-4607-9d81-2f56fb608d66","keyframes":{"opacity":[0,1]},"delay":0,"duration":7000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-40fd2eab-f441-44c4-8128-9720a2356916","keyframes":{"transform":["rotate(105deg) translate3d(0px, 134.36168%, 0) rotate(-105deg)","rotate(105deg) translate3d(0px, 0px, 0) rotate(-105deg)"]},"delay":0,"duration":7000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Brush Stroke Sebi's investigation reveals Chandra provided Letter of Comfort that allowed Yes Bank to adjust loans of seven associate entities with ZEEL's Rs 200 crore Via