Zee Entertainment Drops After Lenders Seek to Challenge Subhash Chandra Repayment Plan
Zee Entertainment shares fell for a fourth straight session, dropping 9.60% to Rs 91.80, as three lenders reportedly plan to challenge the NCLT-approved repayment plan for Subhash Chandra, despite creditor objections. The order followed claims of about Rs 22,006.57 crore tied mainly to personal guarantees, and HDFC Bank is considering a legal move. Zee also got a one-day SAT extension for a Rs 75.79 crore preferential warrant subscription credited a day late.
Coverage (3)
- Zee Entertainment drops on buzz lenders to challenge Subhash Chandra repayment plan (capitalmarket.com)
- Zee Entertainment shares drop up to 14% as lenders challenge Subhash Chandra’s repayment plan (fortuneindia.com)
- Zee Entertainment drops on buzz lenders to challenge Subhash Chandra repayment plan (business-standard.com)