Zee Entertainment shares rally over 8 pc

Shares of Zee Entertainment Enterprises Ltd (ZEEL) jumped over 8 per cent in morning trade on Tuesday after the National Stock Exchange said it would include the company back into the futures and options segment.

At the NSE, it rallied 8.11 per cent to Rs 197.80.

The stock climbed 8 per cent to Rs 197.75 on the BSE.

This comes after the National Company Law Appellate Tribunal (NCLAT) stayed insolvency proceeding against ZEEL on Friday.

The matter pertains to a default of Rs 89 crore by Essel Group’s multisystem operator arm Siti Networks claimed by IndusInd Bank, for which ZEEL was a guarantor.