Zee Entertainment shares up 17% as firm issues clarification
Zee Entertainment shares on Monday rallied 17% after it denied links with large deposits made after demonetisation. The Subhash Chandra-led group also said that the decline in shares will not lead to a default in repayment of loans. The group companies' market capitalisation fell nearly â¹14,000 crore last week after its name emerged in reports related to the deposits.