Subhash Chandra at home in Mumbai: Punit Goenka

Image
ANI General News
Last Updated : Sep 30 2019 | 6:30 AM IST

Multifaceted business conglomerate Essel Group's chairman Subhash Chandra has not left the country and is "very much in Mumbai" at his home, said his son Punit Goenka on Sunday.

Amid rumours doing rounds about Chandra leaving the country, Goenka on Sunday took to Twitter to clarify that his father is in Mumbai while asking "mischief makers" to focus on positive things in life.

"It has been brought to my notice that certain mischief makers have insinuated that my father and our Chairman Subhash Chandra has left the country. Vide this tweet, I wish to clarify straightaway, that he is very much in Mumbai at home," Goenka tweeted.

"He is a fighter and a patriot, and certainly not one to run away from challenges. My message to the ones who attempted this, focus on positive things in life," he added.

Chandra also shared a photograph on the micro-blogging site on Sunday.

"My Sambabdhi Pawan Jain was one of many to visit my Mumbai residence for giving wishes for my eye surgery. Thanks to all visitors," he tweeted.

In late January, Essel Group had reached an agreement with the lenders on servicing its debt.

Earlier, the group's stocks had crashed by one-third following which Chandra blamed aggressive bets on infra plays, which spun out of control after the IL & FS crisis and acquisition of Videocon's D2H business.

He also blamed some negative forces for sabotaging his efforts to raise money through a strategic sale in the flagship company Zee Entertainment Enterprises.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 30 2019 | 6:14 AM IST

Next Story