Zee Entertainment Enterprises Ltd. (ZEEL) has said the Securities and Exchange Board of India's (SEBI) final order will not affect its proposed ₹3,144-crore fund-raising exercise. The company added that it is seeking legal advice following receipt of the regulator's order.
In an official statement, a company spokesperson said, “The Company is in receipt of the order issued by the Securities and Exchange Board of India (SEBI) and is seeking advice from legal experts on the same.
The Company firmly believes that the order from SEBI has no direct bearing on the fund-raising exercise.
The Company would like to clarify that pursuant to the regulatory approvals received from the stock exchanges and from its esteemed shareholders at the Extraordinary General Meeting conducted on 31st July 2026, it will further take all required steps to successfully complete the fund-raising exercise, which is aimed at strengthening its financial foundation, and will also continue to work towards creating value for its stakeholders.
With regards to the allegations levied against the Company and its Promoters, the required measures in accordance with the law will be taken, to protect the interest of all stakeholders.”
The clarification follows SEBI's final order relating to the alleged unauthorised pledge of ZEEL's Hyderabad property for loans availed by promoter-linked Essel Group entities. The regulator barred ZEEL from accessing the securities market for two months, prohibited Subhash Chandra and Managing Director & CEO Punit Goenka from dealing in securities for one year, and imposed monetary penalties on the company and the two executives.
