Sahara One Media shares slump 3.5%

Shares of Sahara One Media & Entertainment today slumped 3.5 per cent amid sluggish investor sentiment after its chief Subrata Roy was arrested in Lucknow late last week.
After a weak opening, shares of Sahara One Media & Entertainment further fell by 3.49 per cent to Rs 58 on the BSE.
However, another listed entity of Sahara Group, Sahara Housingfina Corporation was trading in the green, up 0.67 per cent at Rs 37.80.
Sahara Chief Subrata Roy was arrested in Lucknow on Friday after he evaded for two days a non-bailable warrant issued by the Supreme Court for his failure to appear before it in a case of non-refund of Rs 20,000 crore to investors.

Meanwhile, the broader market was also weak with the benchmark Sensex trading 109.38 points lower at 21,010.74 at 1:14 hrs.