Sebi fines Zee promoter for delayed disclosures
Cyquator Media has been ordered to pay Rs 4 lakh for not making timely disclosure about pledging shares
Sebi reportedly fined one of Zee Entertainment Enterprises Promoters, Cyquator Media, on Friday for making delayed disclosure about pledges to Zee.
According to a news report, Cyquator Media was fined Rs 4 lakh for not disclosing pledging shares with respect to creation, invocation and sale to Zee during the period between January 1, 2019 to December 26, 2019.
Sebi has ordered Cyquator Media to pay the penalty within 45 days.
