Zee Entertainment Wins Interim Relief to Proceed With $330 Million Capital Raise Despite Indian Regulator’s Market Ban

India’s Securities Appellate Tribunal has granted media giant Zee Entertainment Enterprises Ltd. interim relief in its dispute with the country’s securities regulator, allowing the company to proceed with the promoter fund infusion at the center of last month’s shareholder vote despite an ongoing market ban — on the condition that Zee first deposits the penalty the regulator imposed on it.