NSE and BSE inform NCLT of SEBI order related to Essel Group’s Shirpur Gold Refinery during Zee-Sony merger hearing
The matter was raised during the hearing on the proposed merger between media giants Zee Entertainment Enterprises and Sony Pictures Networks India.
In its April 25 interim order, SEBI accused Amit Goenka, the son of Essel Group Chairman Subhash Chandra, and seven others of fraudulent practices and manipulating financial statements of Shirpur Gold Refinery
The NCLT bench, while posting further hearings on the Zee-Sony matter for June 16, instructed the NSE and BSE to take into consideration SEBI’s order in the Shirpur matter.
The SEBI order could have implications for the proposed merger between Zee and Sony.