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Zee founder Subhash Chandra settles 91.2% of debt with 43 lenders

About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid, he says

Subhash Chandra has resigned from Zee, a company he founded almost 30 years ago. Photo:Bloomberg
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Dev Chatterjee Mumbai
The Essel group founder, Subhash Chandra has settled 91.2 per cent of his debt with 43 lenders, and the remaining dues are in the process of being paid.

“I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts. About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid. We are making all the required efforts to settle the remaining 8.8% of our total debt. I have no regrets for parting with a substantial