India's Zee Entertainment falls 12% after markets regulator penalises company, top executives
BUZZ-India's Zee Entertainment falls 12% after markets regulator penalises company, top executives ** Shares of India's Zee Entertainment ZEE.NS tumble as much as 12.38% to 100.37 rupees, their lowest since November 4, 2025
** India's markets regulator on Friday imposed penalties totaling 14.8 million rupees ($155,486) on co, CEO Punit Goenka and founder-chairman emeritus Subhash Chandra
** Regulator says Zee's land was used as collateral for loans taken by promoter-linked entities without proper approvals or disclosures
** Zee Entertainment is seeking legal advice on the order and will take measures in accordance with the law to protect stakeholders' interests, a company spokesperson said
** YTD stock up 13.27%
($1 = 95.1850 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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