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Why Zee Entertainment shares fell 5% intraday- Business News


Why Zee Entertainment shares fell 5% intraday
Shares of Zee Entertainment fell as much as 4.83 per cent to hit an intraday low of Rs 201.95 after Delhi High Court rejected the company s plea seeking stay on IndusInd Bank s demand of Rs 83 crore
BusinessToday.In | December 22, 2020 | Updated 15:36 IST
Delhi High Court has allowed IndusInd Bank to raise demand of Rs 83 crore against Zee for Siti Networks default
Zee Entertainment share price declined nearly 5 per cent in intraday trade on Tuesday after Delhi High Court rejected the company s plea seeking stay on IndusInd Bank s demand of Rs 83 crore. The Subhash Chandra-led company stock has declined 30 per cent over the last one year as against 8.5 per cent gain in NSE Nifty and nearly 14 per cent drop in the Nifty Media index. ....

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