Zee on June 21 paid a settlement fee of Rs. 7 lakh to SEBI to settle a case relating to alleged violation of insider trading rules. The Securities and Exchange Board of India had conducted an examination in Zee’s shares between January 1, 2019 and December 26, 2019 to ascertain any possible violation of its insider trading and takeover rules. It observed that the company made delayed disclosures to the stock exchanges relating to invocation of pledged shares. Subsequently, Zee proposed to settle the case with SEBI.
