ZEEL fund raise stays on track: Legal experts weigh in on company's options, see SAT as practical route

Zee Entertainment Enterprises Ltd’s fund-raising plan remains on track despite SEBI’s recent action against its promoters. Last week, shareholders approved a Rs 3,143.5 crore warrant issue. Legal experts said, "all the requirements under company law have already been met." The company can now approach SEBI or the SAT for relief.