Zee Entertainment shares jump 8% as SAT grants interim relief in SEBI case

Summary

Shares of Zee Entertainment Enterprises (ZEEL) rallied 8% after the Securities Appellate Tribunal (SAT) granted interim relief against a SEBI order. SAT stayed SEBI's order, allowing ZEEL to proceed with its Rs 3,143 crore preferential warrant issue and use mutual fund units for dividend distribution, subject to depositing the penalty.