We'll lift Zee stake to 26%; no plan to raise external funds: Subhash Chandra
As of now, I have advised my immediate and extended family to increase their shareholding in Zee, said the founder
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As of now, I have advised my immediate and extended family to increase their shareholding in Zee, said the founder
Zee's tiff with Sony started soon after Sebi in June said that Goenka and his father, Chandra, had “abused their position” and siphoned off funds “for their own benefit.”
Subhash Chandra, chairman emeritus of Zee Entertainment Enterprises, has alleged that Sony intentionally prevented a merger despite the Zee promoters offer — during extended negotiations — to have Punit Goenka step aside from the chief executives post.
Subhash Chandra, Chairman Emeritus of Zee Entertainment Enterprises, has opened up about the company's future strategies following the termination of the Zee-Sony merger. He accused Sony of intentionally sabotaging a merger despite Zee's willingness to have its CEO Punit Goenka step aside. Subhash Chandra also spoke about the media company's plans regarding taking on debt and promoters' interest in increasing their stake., Companies News, Times Now
Japan's Sony terminated a $10 billion merger deal with the Indian broadcaster last week after two years of negotiations.