Essel Group shares under pressure; Zee Entertainment, Dish TV down over 6%

While Zee Ent slipped 7 per cent to Rs 343 on Wednesday, falling 21 per cent in past five trading days, Dish TV India plunged 8 per cent to Rs 29.15, down 19 per cent during the same period.

Shares of Subhash Chandra-led Essel Group companies were under pressure on Wednesday with Zee Entertainment Enterprises (ZEE) and Dish TV India falling more than 6 per cent each on the BSE. The fall comes despite the group's assurance that the stake sale process of Zee Entertainment Enterprises was at an "advanced stage."

Stock price of the group’s flagship company ZEE slipped 7 per cent to Rs 343 during the intra-day trade, falling 21 per cent in past five trading days. The counter has seen huge trading volumes with a combined 12.3 million shares changing hands till 10:29 am. Relatively,