Shares of Sahara Housingfina Corporation on Friday fell 4.39 per cent on the BSE after Sahara chief Subrata Roy was arrested by the Lucknow police.

The scrip opened on a weak note on the BSE and then lost further ground. It tanked 4.39 per cent over its previous closing price to an early low of Rs 37 on the BSE.

In terms of volume, 2,550 shares of Sahara Housingfina changed hands in the morning trade on the bourse.

However, Sahara One Media & Entertainment, was trading in positive territory in morning trade, with a gain of 4.60 per cent at Rs 64.80 on the BSE.

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