Page 5 - Subhash Chandra

Cash cows sold, cash guzzlers remain: Rocky ride ahead for Chandra's Essel

Analysts say the group is now largely left with cash guzzlers like Dish TV, Zee Media, Siti Networks, Shirpur Gold, and Essel Infraprojects

Top 10 business headlines: RBI pauses on rate cut, GST slab raise & more

From RBI keeping rate cut unchanged, tough road for Subhash Chandra's Essel to Saudi Aramco raising $25.6 bn in largest-ever IPO, Business Standard brings you the top headlines of the day.

After Subhash Chandra's exit from Zee, acid test awaits son Punit Goenka

The litmus test for Goenka would be to take the financial investors, who've backed Zee, along with him even as he strives to weather the latest storm

Three Zee Entertainment directors resign, cite related-party transactions

Zee also said it had a definitive plan in place to recover the outstanding amounts from Dish TV and Siti Cable, and that it was monitoring the situation closely

Chandra's exit from Zee is an example of how to handle crisis with dignity

It is so very rare for Indian media businesses to grow out of their founding family's shadow, however, benevolent it may be

From rice to Zee, Chandra bludgeoned his way into one new biz after another

Chandra made his way through packaging, publishing, leisure parks, broadcasting, cable, DTH, electronic lotteries, and so on

ICICI Pru MF, HDFC MF receive payments from Essel Group; exposure reduced

With this repayment, ICICI Prudential Mutual Fund's exposure to Essel Group has come down to nil

Zee Entertainment falls 9% after Subhash Chandra resigns as chairman

Zee said Chandra would continue to "mentor" the management, coming at a time when the promoter family has retained management control with only 5.9 per cent stake in the company

Top biz headlines today: SC Maharashtra order, Zee chairman quits & more

From DGCA directing IndiGo to replace unmodified P&W engines to Karvy denying fund abuse charges, here are the top headlines of the day.

After stake sale, Subhash Chandra quits as Zee Entertainment chairman

Chandra will be non-executive director and 'mentor' to management

Subhash Chandra resigns as chairman of Zee Entertainment Enterprises

The company's board has accepted the resignation, ZEEL said in a regulatory filing

Singapore govt, monetary authority increase stake in Zee Entertainment

The Subhash Chandra-led cash-starved Essel Group on November 20 said it is planning to sell 16.5 per cent stake in its flagship ZEEL to financial creditors to meet its loan repayment obligations

Management control key trigger for Zee Entertainment; stock gains over 12%

While 1 per cent of the promoters' holding will still be pledged, analysts believe issues related to promoter debt will come to an end

Zee Entertainment jumps up to 19% on promoter stake sale, pares gain later

Around 142.87 million equity shares (representing 14.87 per cent stake of ZEEL) changed hands on the NSE through block deals, the exchange data shows.

Subhash Chandra to sell 16.5% stake in Zee, become minority shareholder

Will sell 16.5% stake and retain 5.9%; promoters to retain management control

Punit Goenka to remain Zee's MD as lenders prepare for share sale

Goenka, who is the elder son of Essel group promoter and Zee chairman Subhash Chandra, has been MD of the media firm since January 1, 2010.

Zee lenders begin strategic sale, promoter shares moved to escrow accounts

Sources familiar with the developments said following the sale of stake to a strategic investor, the promoters might have only 12 per cent, including the 10 per cent stake with VTB

M&A deals set to surge as founders face acute cash squeeze: Axis Capital

The financing squeeze has already taken a toll on the country's economic expansion, which in turn erodes borrowers' capability to repay further

Mutual funds grant more time to Essel Group for repayment of loan

The fund houses had an outstanding of over Rs 11,000 crore from Essel Group

Hope floats for Essel Group, may get more time to repay Rs 7,000 crore debt

Subhash Chandra-led group is fighting to avert a crisis as selling pressure on the Zee stock continues