Zee Entertainment Enterprises Ltd's MD and CEO Punit Goenka on | MarketFeed News 📰 - Indian stock market live News

Zee Entertainment Enterprises Ltd's MD and CEO Punit Goenka on Thursday settled with capital markets regulator Sebi a case of an alleged violation of insider trading norms after paying Rs 50.7 lakh towards the settlement fee. This came after Goenka proposed to the Securities and Exchange Board of India (Sebi) to settle the proceedings "without admitting or denying the findings" through a settlement order. "It is hereby ordered that the instant proceedings initiated against the applicant vide SCN (show cause notice) dated December 22, 2022, are disposed of," Sebi said in its settlement order. The regulator, in its investigation, found that Goenka allegedly failed to put in place adequate internal controls within the company to identify unpublished price-sensitive information (UPSI) and failed to identify the information pertaining to the launch of Cinema 2 Home Service, ZEEPLEX, as UPSI. By doing so, he allegedly violated the provisions of insider trading rules. Following this, a sh

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