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Zee Telefilms gains as market sees Siticable deal

08-December-2000
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Zee Telefilms gains as market sees Siticable deal

The stock of Zee Telefilms Limited (ZTL) has been gaining steadily at the stock market, fuelled by rumours of ZTL’s plans to divest equity in its cabling arm, Siticable, being close to finalisation. ZTL’s stock, which closed at Rs 302.45 on November 1, had fallen to Rs 278 by November 15. However, moving through Rs 282.50 by December, the scrip closed on Thursday at Rs 325.65 on the Bombay Stock Exchange.

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