Business Standard

Subhash Chandra alleges 'negative forces' hampering ZEEL's stake sale

Says he can service debt only after ZEEL stake sale, accepts mistakes made

Subhash Chandra | File photo
Premium

Subhash Chandra | File photo

Urvi MalvaniaViveat Susan Pinto Mumbai
On a day the stock of Zee Entertainment Enterprises (ZEEL) went into free fall, Essel Group Founder and Chairman Subhash Chandra alleged on Friday that certain negative forces were trying to hamper the sale of the promoters' stake in ZEEL.
 
He added that he would be able to repay the entire dues of Essel Group only after he sold the stake. “Post the sale process, we will be positively able to repay the entire dues. But if the lenders react in a panic situation, it will only hurt them and us,” Chandra said in an open letter. He urged

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in