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ZEEL shares tumble 13 per cent after Sebi order in Hyderabad land pledge case
Updated On: 03 August, 2026 02:00 PM IST | New Delhi | PTI
The case relates to the execution of a Deposit and Declaration Agreement on December 27, 2018, under which the original title deeds of ZEEL's Hyderabad property were handed over to Indiabulls Housing Finance as security for loans taken by Essel Home and other borrowing entities linked to the Essel Group
Representational Image. Pic: Pexels
Shares of Zee Entertainment Enterprises Ltd tumbled 13 per cent on Monday after Sebi prohibited ZEEL from the securities market for two months and its Chairman Emeritus Subhash Chandra and MD & CEO Punit Goenka for one year over unauthorised pledge of the company's Hyderabad land to secure loans availed by promoter-linked Essel Group entities.
The stock tanked 13 per cent to Rs 100.40 on the BSE.
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