Subhash Chandra's net worth sinks below Rs 10 crore amid deluge of debt

Through a major restructuring, the group has been able to pay off over Rs 11,500 crore, albeit at a high cost.

He was once in the coveted Fortune list of Indian billionaires, ranked 27th with a net worth of over $4.7 billion in 2018. 

However, 70-year-old media baron Subhash Chandra — also a Rajya Sabha member — declared a few days ago that the value of his personal assets had slumped to under Rs 10 crore for FY20. 

Chandra, who filed details pertaining to his financials to the Ethics committee of Parliament, said the total value of his assets stood at Rs 9.85 crore. The media mogul had, in an earlier declaration as required under the rules for members, submitted that his personal