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Zee Ent slips 3% as Brickwork downgrades preference shares, issuer rating

The downgrade in the rating inter alia factors the deteriorating financial flexibility of the group marked by an increased pledge of promoter holding and continuous volatility in share price movement

Topics
Buzzing stocks | Essel Group Zee Entertainment | Zee Entertainment

SI Reporter  |  New Delhi 



Photo: Shutterstock
Photo: Shutterstock

Shares of slipped up to 2.7 per cent to Rs 286 on the BSE on Tuesday after Brickwork Rating agency downgraded the company's 6 per cent Cumulative Redeemable Non-Convertible Preference Shares and the Issuer rating.

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First Published: Tue, November 19 2019. 09:51 IST

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