After ‘understanding’ with lenders, Zee shares bounce back by 16.64 per cent

After the 26 per cent crash on Friday, shares of Zee Entertainment Enterprises on Monday bounced back and ended with a sharp gain of 16.64 per cent after the company said it has “arrived at an understanding” with its lenders on loans and denied links with a company being probed for suspicious demonetisation deposits. On Friday, shares of Zee group companies had come under massive selling pressure, plummeting up to 33 per cent, and suffered a combined erosion of Rs 13,352 crore in market valuation.