Business Standard

Zee Entertainment up 8% on report that it will pay $10 mn to IndusInd Bank

The settling of dues of about Rs 83.7 crore to the lender could happen as early as Friday, and IndusInd Bank could withdraw its insolvency proceedings against the media company

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(Photo: Bloomberg)

SI Reporter Mumbai
Shares of Zee Entertainment Enterprises (ZEEL) moved higher by 8 per cent to Rs 204.25 on the BSE in Thursday's intra-day trade on report that the company has agreed to pay dues to IndusInd Bank. Besides, the lender has likelya greed to withdraw the insolvency case.

"ZEEL has agreed to repay dues owed to IndusInd Bank as the company seeks to resolve insolvency proceedings initiated against it, and inch closer to completing a merger with a Sony Group unit to create a $10 billion media giant," a Bloomberg report said.

The settling of dues of about Rs 83.7

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