The brief
Zee shares are witnessing a heavy selloff after Canara Bank, Union Bank of India, and LIC Housing Finance said they will challenge the NCLT order approving a repayment plan proposed by Essel Group founder Subhash Chandra. At 9:34 am, Zee Entertainment shares were trading 6.55% lower at Rs 94.90 per share. Key points and original sources are listed below.
- Zee shares are witnessing a heavy selloff after Canara Bank, Union Bank of India, and LIC Housing Finance said they will challenge the NCLT order approving a repayment plan proposed by Essel Group founder Subhash Chandra.S1
- At 9:34 am, Zee Entertainment shares were trading 6.55% lower at Rs 94.90 per share. In comparison, the BSE Sensex was trading 0.37% lower at 76,982 levels.S2
