Zee Entertainment stock rises over 11% as management convinces lenders not to sell shares
Updated : January 28, 2019 11:31 AM IST
The management said that their strategic partner has asked the firm to solve its issues with the lenders.
The development comes after the promoters and lenders of the group — comprising mutual funds, NBFCs and banks — held a meeting following the steep fall of the stock price of ZEE Entertainment Enterprises and Dish TV.
Mukesh Ambani-led Reliance Jio is likely to enter the race to buy half of promoter Subhash Chandra's stake in Zee Entertainment Enterprises, BS reported, citing unidentified sources.