Zee-Sony Deal Under Scrutiny After Crackdown On Subhash Chandra, Son

Wednesday, 14 June 2023Newsdesk
 Zee-Sony Deal Under Scrutiny After Crackdown On Subhash Chandra, Son
SEBI alleged late Monday that the firm funneled money through several entities to make it seem like it had recovered money owed by Subhash Chandra's private entities.

New Delhi 14 June 2023

As per news report of NDTV,Zee Entertainment Enterprises Ltd.'s planned merger with a subsidiary of Sony Group Corp. may face further delay, industry analysts said, after the Securities and Exchange Board Of India (SEBI) said the Mumbai-based media house faked the recovery of loans to cover for private financing deals by its founder Subhash Chandra.

Source - NDTV

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