Zee had said it was unwilling to hold an extraordinary general meeting of shareholders as requested by Invesco, its largest shareholder.
The 70-year-old tycoon, known for his distinctive black-and-silver hairstyle, risks losing control of his media empire
The public battle between the broadcasting giant and a key institutional shareholder has precipitated a high-decibel debate on corporate governance practices
Subhash Chandra alleges Invesco is gunning for illegal takeover of his media company.
Invesco must put its offer on the table and avoid any clandestine bid on Zee, says its Chairman Emeritus
It seems the market can't make up its mind if India's largest pvt television network, with a 17% share nationwide, is more valuable with the founders in the driver's seat or out of the wagon entirely
His journey from an 18-year-old who turned around family's food grain processing business to becoming head of an eclectic Rs 30,000 crore (pre-crisis) empire is now part of corporate legend in India
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 says committed to release pledge; won't happen at lower price
Through a major restructuring, the group has been able to pay off over Rs 11,500 crore, albeit at a high cost.
YES Bank has Rs 8,000-crore exposure to Essel Group
The bank's move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 mn in the firm, the lender said in a filing to the stock exchanges late on Friday.
IIAS has said "investors may need to wrestle the company out of the promoters' control and influence."
Sources said the probe agencies are planning to move an application, seeking more time with respect to the filing of chargesheet in matters
The agency has also sent a second summons to Essel Group chairman and Rajya Sabha MP Subhash Chandra to appear before it on March 21
Ambani had been called by the ED in connection with an ongoing money laundering case against YES Bank co-founder Rana Kapoor
DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning
Reliance announced the merger of its various content, distribution, and media properties in its listed subsidiary Network18 earlier this week.
Punit Goenka, managing director and chief executive officer of ZEEL, will continue in his role, even as his remuneration is being reviewed by the board
Some of the country's biggest and most-storied businessmen saw their fortunes fade in 2019.