IDBI Trusteeship Services Limited (ITSL) and Vistra ITCL, who were acting on behalf of lenders, have invoked pledged shares. According to r...

Shares of ZEE and Dish TV have been under pressure in the recent times.

VTB has roped in two global advisors, JP Morgan and Citi, for the planned share sale.

Shankar Sharma of First Global thinks bear market acts as a cleaner.

Some of the brokerages have cut their target price on Zee after second quarter results.

A little over 90% of the promoters’ shareholding has been pledged, directly or indirectly, with domestic and international lender

An Essel Group spokesperson confirmed the sale of ZEE shares by some of the lenders.

The order restrains Chandra from selling shares of ZEE till October 16.

Reliance Mutual may have unwound all the pledged shares of Zee after the sale.

Shares of the company have been in the bearish territory since last Thursday, 2 May, 2019.

Zee Learn and Zee Media were trading 3 per cent down each in the afternoon trade.

For most of its life space, Zee shares have traded on an average PE multiple of over 30.

There are reports that suggest the company is in talks with a few foreign players.

So, it was important for the promoters to ensure that the share price was mostly higher.

The biggest losers on Monday were the shares of Adani Group companies – Adani Power and Adani Ports and SEZ.

A large part of the correction in the stock price was in the futures and options segment.

As of December 31, 2018, ZEE promoters owned 41.62 per cent in the company.