MUMBAI: Sahara One Media & Entertainment’s promoters have pledged 6.97 per cent stake of the company for a collateral securities for loans availed by it with IDBI Bank.

The company’s promoters have pledged 15 lakh shares representing 6.97 per cent stake of the company.

Additionally, the company said that the promoter have pledged these shares with IDBI Bank "as a collateral securities for loans availed by the company.”
The company’s shares were down 10.20 per cent on the BSE today to stand at Rs 103.05.