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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Zee Entertainment shares crash 14% amid Subhash Chandra’s 99.97% loan haircut row

Subhash Chandra Zee Zee Entertainment Entertainment NCLT Essel Group Abneesh Roy LIC Housing Finance

Shares of Zee Entertainment Enterprises crashed over 14% on Monday, extending a 17% fall in four sessions after the NCLT approved a 99.97% haircut on founder Subhash Chandra’s creditor claims.

Zee shares crashed to Rs 86.90 apiece on NSE on Monday, the lowest level seen by the stock since May this year. The stock is on track to record the sharpest single-day plunge in nearly a month.

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