Essel Group shares tumble; ZEE tanks 12%, Dish TV hits over 10-year low

Investors' sentiment dented after reports suggested that the court order could impact the group's future monetisation plans in Zee Entertainment.

Shares of Essel Group companies -- Zee Entertainment Enterprises (ZEE), Dish TV Network and Zee Media Corporation -- got hammered for the second day in a row, falling by up to 19 per cent on the BSE on Friday, on reports that promoter Subhash Chandra was asked by a court to not sell his unpledged stake in the company till next month.

Among the individual stocks, Dish TV India tanked 19 per cent to Rs 16, hitting an over 10-year low in the early morning deal. It was trading at its lowest level since December 2008 on the BSE.

Meanwhile,