New Delhi, July 11 -- Zee Entertainment's share price crashed over 6 per cent in morning trade on the BSE on Friday, July 11, after shareholders rejected a proposal to raise Rs.2,237.44 crore from promoter group entities.

Zee Entertainment share price opened at Rs.135.10 against its previous close of Rs.141.90 and crashed 6.2 per cent to an intraday low of Rs.133.05. The stock, however, pared losses and traded 2.26 per cent lower at Rs.138.70 around 10 AM. Equity benchmark Sensex was 0.34 per cent down at 82,904 at that time.

(This is a developing story. Please check back for fresh updates.)

Published by HT Digital Content Services with permission from MINT....