You are here: Home » Markets Ā» News
Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
icon-arrow-left
Glenmark Pharma slips 7% after US FDA issues warning letter for Baddi unit
Business Standard

ZEEL hits over 6-yr low after Essel Media pledges 11% equity with VTB Cap

A little over 90 per cent of the promoters' 22 per cent shareholding in ZEE is pledged with financial institutions, the management said during an investors' call

Topics
Buzzing stocks | Essel Group Zee Entertainment

SI Reporter  |  Mumbai 



ZEEL hits over 6-yr low after Essel Media pledges 11% equity with VTB Cap

Shares of Zee Entertainment Enterprises (ZEE) hit an over six-year low of Rs 204, plunging 14 per cent in early morning deals on the BSE on Monday, after the company announced that its promoter Essel Media Ventures have pledged 10.71 per cent equity with VTB capital. The encumbrance was created pursuant to a loan agreement executed on September 4, 2017. The stock hit its lowest level since April 18, 2013.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Mon, October 07 2019. 10:03 IST

RECOMMENDED FOR YOU

.