In a press conference, Essel Group Chairman Dr. Subhash Chandra accused the SEBI Chairperson of being a “negative force” and a key reason for the failure of the ZEE-Sony merger
In an interview with The Economic Times, Subhash Chandra, chairman emeritus of Zee, assuaged shareholders and also shared his thoughts about the possibility of future deals
In the letter, Subhash Chandra, ZEEL promoter, said SEBI had operated with a preconceived motive to sabotage the merger and said he was not suggesting SEBI should not investigate
Contrary to media speculations suggesting a potential termination of the merger, industry experts indicate that the two parties are actively negotiating a middle ground to finalize the deal
He approached SAT, requesting that the SEBI order that barred him and Subhash Chandra from holding any directorial or managerial posts in any listed company, be set aside
The modified order said that Subhash Chandra and his son Punit Goenka cannot hold director roles in group companies till the investigation by SEBI is concluded
ZEE and Sony together are expected to secure an audience of over 700 million in the TV and digital verticals, enhancing their market presence and share in advertising
Launched in 2015, World is One News (WION) - India’s digital-first international news channel - has managed to build a top-of-mind recall in the crowded Indian news space
With Chaudhary moving on, the Editors of Zee News, Zee Business, and Zee 24 Taas will report to the President - Group Strategy & Innovation, and WION will report directly to the Publisher
The group has categorically denied speculations of shares being released from the lenders at a lower price and sold to third party investors at higher price points