Question
The Securities and Exchange Board of India (SEBI) has
debarred Zee Entertainment Enterprises (Zee) promoter and Essel group Chairman Subhash Chandra and MD & CEO Punit Goenka from holding key positions in any listed company for allegedly diverting assets of Essel Group companies amounting to ______.Solution
The Securities and Exchange Board of India (SEBI) has debarred Zee Entertainment Enterprises (Zee) promoter and Essel group Chairman Subhash Chandra and Managing Director (MD) and Chief Executive Officer (CEO) Punit Goenka from holding key positions in any listed company for allegedly diverting assets of Essel Group companies.The matter pertains to the Letter of Comfort (LoC) granted by Chandra in September 2018 towards credit facilities taken by certain group companies from YES Bank. The credit amounted to Rs 200 crore.The allegations are that these guarantees were given without approval from the board and were used to siphon off funds by the promoters.
 Who has been honored with the Global Excellence Award 2024 for his outstanding contribution to education?
The central bank has eased the credit concentration risk norms for non-banking finance companies in the middle layer (ML) and base layer (BL), bringing ...
- Which of these Indian states is not part of the Brahmaputra river sub-basin?
Recently 'Yaunde Declaration' was in discussion, it is related to which of the following?
Why was the Simon Commission, established in 1927, boycotted by the Indian National Congress?
Who has been appointed as the next CEO of DBS Bank India?
Match the following hormones with their primary functions:
To what phylum does a blood-sucking leech belong?
- How did the Mughal rulers celebrate their Timurid ancestry?
The Union Ministry of Skill Development and Entrepreneurship (MSDE) launched the Swavalambini Women Entrepreneurship Programme in collaboration with whi...
Relevant for Exams:
