IDBI Bank files insolvency petition against Zee Entertainment Enterprises Ltd

An application has been filed under Section 7 of the Insolvency and Bankruptcy Code, 2016 read with Rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules 2016 by IDBI Bank Limited, claiming to be a financial creditor, before the Hon'ble National Company Law Tribunal, Mumbai Bench for initiation of Corporate Insolvency Resolution Process against the Company("CIRP Application").

Shares of Zee Entertainment Enterprises Limited was last trading in BSE at Rs. 262.45 as compared to the previous close of Rs. 260.70. The total number of shares traded during the day was 170029 in over 2683 trades.

The stock hit an intraday high of Rs. 263.95 and intraday low of 260.85. The net turnover during the day was Rs. 44590030.00.

Source : Equity Bulls

Keywords

ZeeEntertainmentEnterprises INE256A01028 InsolvencyApplication IDBIBank NCLT CIRP