India's Zee Enterprises extends gains after tribunal's favourable order

Zee Entertainment Enterprises

13/05/2025 09:37

** Shares of Zee Enterprises Ltd ZEE.NS climb 4.1% to 121.94 rupees

** ZEE said an arbitration tribunal rejected a claim of 1.34 billion rupees against the company sought by Aditya Birla Finance

** Stock rose 4.6% to day's high of 122.48 rupees after news; was up about 4% before the news

** Analysts rate ZEE "hold" on average - data compiled by LSEG

** Stock turns YTD positive, last up 0.5%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))