MUMBAI (NewsRise) -- Shares of India's top media company Zee Entertainment Enterprises hit a multiyear low after a six-day losing streak, as some of the creditors sold the stock they held as collateral for loans to company founders.
Zee Entertainment shares had been falling since Sept. 16, wiping out 22% of their value over six trading sessions, amid fears that the founders, who have pledged about 64% of their shares, may not be able to repay their debt before a Sept. 30 deadline.
