Business

Take down Zee report, court asks Bloomberg

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MUMBAI: A sessions court in Delhi on Friday ordered Bloomberg Television Production Services India to take down a Feb 21 report it published against Zee. The report said that Sebi found $241-million accounting issue at the broadcaster. After the report was published, Zee’s stock price slumped 15%, eroding investor wealth.
Zee refuted that no such finding was made by the markets regulator.The report also mentioned issues about corporate governance and business operations of Zee, which according to the company, were inaccurate in nature.


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