Zee shares rise 7% after SAT grants conditional relief in SEBI case

Zee Entertainment shares rose up to 7% on Friday after SAT granted conditional relief in its SEBI case, allowing its fundraising plan to proceed. Zee and CEO Punit Goenka can issue fully convertible warrants to a promoter-group entity, subject to depositing the full penalty within a week. SAT extended the warrant deadline by a week, while other market restrictions remain.