# SAT allows Zee Rs 3,143 crore fundraise, Sebi ban stays 2026-08-12T18:43:35+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets The Securities Appellate Tribunal (SAT) on Friday granted Zee Entertainment interim relief to proceed with its Rs 3,143.5 crore fundraise from promoter group entity Sunbright Mauritius, provided the company deposits the full penalty imposed by Sebi within a week. The tribunal kept intact the market-access restrictions barring Zee for two months and promoters Subhash Chandra and Punit Goenka for one year, but allowed the company to sell its mutual fund holdings for operational expenses. Zee had moved SAT against Sebi's July 31 order that imposed a cumulative penalty of Rs 1.48 crore and barred the company from accessing securities markets. The regulator had found that a Zee property was used as security for loans taken by promoter-linked companies without required approvals or disclosures. Zee has also written to Sebi seeking clarification on the fundraise in light of the ban. Separately, the arbitration with JioStar over an ICC TV rights dispute is ongoing, with JioStar seeking $1.097 billion in damages. ## Coverage - legal.economictimes.indiatimes.com - livemint.com Tags: arbitration, fundraise, SAT, SEBI, Subhash Chandra, Zee Entertainment Canonical: https://indianopinion.org/zee-seeks-sebi-clarity-on-promoter-fundraise-amid-market-ban/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/zee-seeks-sebi-clarity-on-promoter-fundraise-amid-market-ban/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.