New Delhi, Aug. 31 -- Zee Entertainment share price crashed more than 14% in intraday deals on the BSE on Monday, 31 August. Zee Entertainment shares opened at Rs.100.85 against their previous close of Rs.101.55 and dropped as much as 14.3% to hit an intraday low of Rs.87. The stock, however, pared losses and traded nearly 9% down at Rs.92.45 around 10:45 AM on the BSE, looking set to extend losses for the fourth consecutive session.

Zee shares are witnessing a heavy selloff after three lenders- Canara Bank, Union Bank of India (UK) and LIC Housing Finance - on Saturday said they will challenge the National Company Law Tribunal's (NCLT) order approving a repayment plan proposed by Essel Group founder Subhash Chandra.

The three lenders s...