Zee Entertainment extends fall; stock down 4%
The stock was down 3.7% to Rs 527 on BSE in intra-day trade, extending its previous day's nearly 4% fall.
 "Zee Entertainment extends fall; stock down 4%")
Zee Entertainment Enterprises was down 3.7% to Rs 527 on BSE in intra-day trade, extending its previous day’s nearly 4% fall, after a media report stating that the Subhash Chandra-promoted company plans to buy Anil Ambani-owned Reliance Broadcast Networks for Rs 1,872 crore.
On clarification of the news item which appeared in The Economic Times on Thursday the company said the report/article is only a media speculation.
“As company, we keep exploring options from time to time and will inform the exchanges/media/shareholders, if and as and when any such decision(s) are reached,” Zee Entertainment said in a BSE statement. LINK
At 01:40 pm, the stock was down 3% at Rs 530 on the BSE, as compared to 0.20% rise in the S&P BSE Sensex. A combined 3.01 million shares changed hands on the counter on the BSE and NSE so far.
On clarification of the news item which appeared in The Economic Times on Thursday the company said the report/article is only a media speculation.
“As company, we keep exploring options from time to time and will inform the exchanges/media/shareholders, if and as and when any such decision(s) are reached,” Zee Entertainment said in a BSE statement. LINK
At 01:40 pm, the stock was down 3% at Rs 530 on the BSE, as compared to 0.20% rise in the S&P BSE Sensex. A combined 3.01 million shares changed hands on the counter on the BSE and NSE so far.