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Market snapshot: In a major regulatory relief, the Securities Appellate Tribunal has granted interim relief to Zee Entertainment Enterprises Limited. The tribunal has permitted the company to proceed with its proposed ₹3,143 cr preferential warrant issue and access its mutual fund units for dividend distribution. This decision temporarily relaxes the restrictive capital market access ban…

The Securities Appellate Tribunal (SAT) on Friday allowed Zee Entertainment Enterprises (ZEEL) and its managing director and CEO Punit Goenka to proceed with the proposed issue of fully convertible warrants to a promoter group entity, providing a temporary relief from the securities market debarment imposed by the Securities and Exchange Board of India (SEBI).