The case pertained to delayed disclosure of invocation of pledged shares to the exchanges, which meant the company violated the prohibition of insider trading norms.
Sebi conducted a probe into the shares of Zee Entertainment in the period between January and December 2019, to ascertain any possible violation of regulations.
The market regulator observed that the applicant had delayed disclosure to exchanges with respect to invocation of pledged shares of promoters.
The regulator then initiated adjudication proceedings against the company and appointed an adjudicating officer to conduct proceedings and impose penalties, if deemed fit.
However, Zee Entertainment proposed to settle the pending proceedings, without admitting or denying the findings of fact through a settlement order.
In April, the regulatory committee agreed and approved the payment made by the company, and subsequently disposed of the proceedings.