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Sebi Obtain Zee Trade Information From Nippon Life Amc
On 25th January 2019, one of the largest mutual fund Nippon Life Asset Management Company has been crashed. And according to the information, a few members of Nippon AMC employees shifted to Zee Entertainment because the Securities and Exchange Board of India (SEBI) obtain Zee trade information from the Nippon Life AMC. Moreover, the market regulator obtains details of decision-makers in the company.
Due to the media report declared link the media houses and Nityank Infrapower and Multiventurs. When the company was in a survey of Serious Fraud Investigation Office, about the deposition of Rs.3,000 cr at the time of demonetization.
According to the sources, the Zee shares declined by 34% on 25th Jan 2019. On June 18th, the shares of the Nippon Life traded with 22% fall and stood at Rs. 275.25 per equity share.
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