Subhash Chandra alleges 'negative forces' hampering ZEEL's stake sale

Says he can service debt only after ZEEL stake sale, accepts mistakes made

On a day the stock of Zee Entertainment Enterprises (ZEEL) went into free fall, Essel Group Founder and Chairman Subhash Chandra alleged on Friday that certain negative forces were trying to hamper the sale of the promoters' stake in ZEEL.
 
He added that he would be able to repay the entire dues of Essel Group only after he sold the stake. “Post the sale process, we will be positively able to repay the entire dues. But if the lenders react in a panic situation, it will only hurt them and us,” Chandra said in an open letter. He urged