Promoters sell 11% in Zee to Invesco Oppenheimer
Announcement of the stake sale ends months of speculation regarding the suitor for Zee, and will help promoters deleverage the group’s balance sheet
subhash chandra
July 2019
May 2019
April 2019
March 2019
January 2019
November 2018
January 2016
April 2013
Zee’s FY19 earnings may aid better valuation
With promoters looking to pare their stake in the media company to repay debt, sound FY19 financial results shine light on the quality of the asset.
Zee Entertainment: A lot at stake
Besieged with debt, the Essel Group is pinning its hopes on a stake sale in crown jewel Zee to help stay afloat. It helps that the broadcaster is at the top of its game and in sync with the times.
Emami: It’s ‘payback’ time
The Kolkata-headquartered group is working on a strategy to repay debt raised for other businesses, while trying to bring down pledged promoter holdings in its FMCG company.
Negative forces acting against us: Chandra
Bad business decisions and systemic challenges have led to the Essel Group’s debt ballooning, says Chandra.
Why Zee is on the hunt for a strategic partner
The MD and CEO of Zee Entertainment Enterprises says the promoters would rather own a smaller share of a larger pie than be relegated to the fringes as entertainment sector technologically advances.
The roots of a smart city
Subhash Chandra wants to build an infrastructure and utilities empire riding on the government’s ambitious smart cities project.
Zee next
Subhash Chandra has been a pioneer in entertainment for three decades. Now he needs another out-of-the-box idea to take Zee global. And he’s doing it in one of the most difficult markets—the U.S.
