Subhash Chandra steps down as Zee chairman
Chandra’s resignation as Zee’s chairman marks the end of an era in which he pioneered the growth of private sector broadcast TV in the country. He will remain a board member.
subhash chandra
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Promoters to sell majority stake in Zee to pare debt
Punit Goenka to reportedly continue as MD and CEO, though it remains to be seen whether the Essel Group will still be classified as promoters with a residual 5% stake.
Lenders give Essel more time to repay debt
The Essel Group wanted a time extension to fetch better value for its assets including roads, green energy, and its flagship Zee Entertainment Enterprises.
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
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.
