Zee Entertainment stock falls 20% a day after ED summons Subhash Chandra

20% Shares of Zee Entertainment slipped 20 per cent in trade on Tuesday, a day after the Enforcement Directorate (ED) summoned Essel group promoter Subhash Chandra as part of its probe into YES Bank. Chandra is scheduled to meet ED officials on Wednesday, which was confirmed by Essel group on Monday. 

Zee on Tuesday said it had no borrowings from YES Bank at all. “As communicated by Essel group, the credit facilities availed were for its infrastructure business and are fully secured,” Zee said. 

The stock of the media firm closed trade at Rs 133.20 per share on the BSE,