Zee Entertainment zooms as NSE to include company back into futures and options segment

Zee Entertainment Enterprises is currently trading at Rs. 194.30, up by 11.30 points or 6.17% from its previous closing of Rs. 183.00 on the BSE.

Zee Entertainment Enterprises
Zee Entertainment Enterprises

The scrip opened at Rs. 190.00 and has touched a high and low of Rs. 197.75 and Rs. 188.40 respectively. So far 697407 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 308.65 on 04-Apr-2022 and a 52 week low of Rs. 176.60 on 27-Feb-2023.

Last one week high and low of the scrip stood at Rs. 211.15 and Rs. 176.60 respectively. The current market cap of the company is Rs. 18658.09 crore.

The promoters holding in the company stood at 3.99%, while Institutions and Non-Institutions held 74.81% and 21.19% respectively.

The National Stock Exchange (NSE) has withdrawn decision to drop Zee Entertainment Enterprises (ZEEL) from F&O segment. It would include ZEEL back into the futures and options segment. This comes after the National Company Law Appellate Tribunal (NCLAT) stayed insolvency proceeding against Zee Entertainment.

The matter pertains to a default of Rs 89 crore by Essel Group’s multisystem operator arm Siti Networks claimed by IndusInd Bank, for which ZEEL was a guarantor. The NCLAT order is a major reprieve for ZEEL, which is merging with rival Culver Max Entertainment, formerly known as Sony Pictures Networks India.

Zee Entertainment Enterprises is one of India’s leading television media and entertainment companies. It is amongst the largest producers and aggregators of Hindi programming in the world.

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