SAT sets aside SEBI ban on Zee’s Punit Goenka
Shares of Zee Entertainment are up over 1 per cent in trade on Monday after the Securities and Appellate Tribunal (SAT) set aside the SEBI order banning Punit Goenka from holding key managerial posts.
Shares of Zee Entertainment are up over 1 per cent in trade on Monday after the Securities and Appellate Tribunal (SAT) set aside the SEBI order banning Punit Goenka from holding key managerial posts.
LIC Housing Finance told BSE and NSE that it was in compliance with relevant provisions under AOA for deciding the issue price.
Franklin Templeton MF announced shutting its six debt mutual fund schemes on April 23, 2020 citing redemption pressures and lack of liquidity in the bond market.
PNB Housing Finance earlier said that it has filed an appeal before the SAT against the SEBI directive to halt the company's proposed preferential issue.
The capital market regulator has asked PNB Housing to undertake the valuation of shares from an independent valuer before moving ahead with the issue.
The AT-1 bonds, issued in 2016 and 2017, were written down as part of reviving the cash-strapped bank last year.
SAT, however, has directed Future Group promoters to deposit a sum of Rs 11 crore as an interim measure. The case will now come up on April 12, 2021.
The interim order came on an appeal by Axis Bank against a direction by the NSE to release certain securities.
On December 2, all the four lenders had approached the Securities Appellate Tribunal (SAT) and had sought reversal of transferred shares.
The regulator is of the view that many a times provision to file an appeal before the Securities Appellate Tribunal (SAT) is used as a device to delay the execution of the Sebi order.
