Subhash Chandra's Essel Group banks on infrastructure, media stake sale

Of the 3 infra assets on the block, one is nearing completion, and the rest will be done in the next 3 to 6 months

The Subhash Chandra-led Essel Group is counting on the sale of infrastructure assets and a part sale of the promotor holding in Zee Entertainment (ZEEL) to remove the pledge on promoter shares.
 
Nearly 25 per cent of the equity of ZEEL has been pledged by the Indian promotors (Chandra and his family) to the group’s lenders, while in the case of Dish TV, it is nearly 56 per cent, data for the period ended December 31, 2018, shows. This has been done to pick up debt for infrastructure projects undertaken by the group over the last few years.