zeee entertainment share price: Stock falls 14%

Zee Entertainment share price: Shares of Zee Entertainment Enterprises (ZEEL) fell sharply on Monday, August 31, amid continued selling pressure following the National Company Law Tribunal’s (NCLT) approval of a repayment plan for Zee Group founder Subhash Chandra in his personal insolvency case.

ZEEL shares declined more than 14 per cent during intraday trading, hitting a low of Rs 86.90, compared with the previous close of around Rs 101.51. The fall translates into a decline of around Rs 14.61 per share, or 14.4 per cent, from the previous close. Around midday, the stock was trading near Rs 93.63, down around 7.8 per cent from the previous close. The stock has now declined for four consecutive sessions, falling around 17 per cent during the four-session period.