ZEEL MD pays Rs 50.7 lakh as settlement fee to SEBI

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Punit Goenka, MD & CEO of Zee Entertainment Enterprises Ltd, has settled a case of alleged violation of insider trading norms by paying Rs 50.7 lakh settlement fee to Sebi, media networks have reported.As per Sebi, the proceedings against Goenka have been disposed of.

The regulator had found that Goenka had failed to put in place enough internal controls for identifying unpublished price-sensitive information.

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