NIFTY 50

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.

You May Also Like

Live TV

recommended for you