Securities and Exchange Board of India (SEBI), in a confirmatory order issued on Monday, barred Subhash Chandra and Punit Goenka from holding directorial or key management personnel positions in Zee Entertainment Enterprises Ltd (ZEEL) and its group companies.
The capital markets regulator also barred Chandra and Goenka from holding any key managerial personnel position in any resultant company that is formed by a way of a merger or amalgamation, and demerger of Zee Group companies.
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