Page 5 - Subhash Chandra

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

India tycoons running out of time with debt dagger hanging over stocks

Shares of publicly traded firms with a large portion of equity pledged as collateral risk abrupt declines should lenders move to recover their dues

Invesco Oppenheimer buys 11% of Essel group's stake in ZEEL for Rs 4224 cr

After the additional stake buy, the fund's shareholding in ZEEL will rise to 19 per cent, while the promoters' stake will come down to 25 per cent

Comcast, partners make offer for stake in Subhash Chandra's Zee Ent

Comcast, partners make offer for stake in Subhash Chandra's Zee Ent plan to snap up a 51% stake in the media company.

Reality check for Subhash Chandra: Ensuring the show goes on at Zee

The crisis at Essel might precipitate the future proofing one of India's largest media companies.

My first choice would be a foreign partner: Zee Entertainment MD & CEO

The challenge is how to counter the irrational behaviour some companies - the likes of Netflix and Amazon - are displaying, says Punit Goenka