Subhash Chandra battles to retain control of his $4 bn media empire

The 70-year-old tycoon, known for his distinctive black-and-silver hairstyle, risks losing control of his media empire

Subhash Chandra is no stranger to corporate battles. In 1998, when his then partner Rupert Murdoch attempted to buy out their thriving five-year-old Indian television venture, the entrepreneur deftly fended off the billionaire to wrest back control of what became Zee Entertainment Enterprises Ltd.
 

More than two decades later, India’s largest publicly traded entertainment network is back at the center of a complicated boardroom feud: Chandra and his supporters versus Atlanta-based Invesco Developing Markets Fund, Zee’s biggest shareholder with an 18% stake. 

This time, the 70-year-old tycoon, known for his distinctive black-and-silver hairstyle, risks losing control just as Zee’s prospects are