Shares of Zee Entertainment Enterprises fell as much as 8.7 per cent to Rs 337.05, while Dish TV India's stock went lower by 8.1 per cent to Rs 29.1after an analyst report said that the companies were among the highest in promoter share pledges as of March.

Zee Entertainment touched an over three-month low, while Dish TV's shares touched the lowest since February 11.

The promoters had pledged shares to secure loans for working capital requirements, while retaining the ownership..

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