Rebound in Zee, Dish TV shares despite weakness in markets soothes nerves

Company reaches agreement with lenders to not invoke pledged shares; lenders offer 3 months to Zee Entertainment to find strategic partner

A sharp rebound in shares of Zee Entertainment Enterprises and Dish TV India, despite weakness in the overall markets, helped soothe nerves of investors, whose thousands of crores are riding on the group's debt and equity.  
 

Shares of Zee Entertainment rose 16 per cent on Monday, after dropping over 30 per cent in the previous session, after the company reached an agreement with lenders to not invoke the pledged shares. Shares of Dish TV gained nearly six per cent after crashing 33 per cent on Friday. 

A fresh round of sell-off in the troubled group stocks would have triggered