Zee Entertainment Chairman Subhash Chandra resigns

Subhash Chandra has resigned as the chairman of Zee Entertainment Enterprises, five days after his group sold another 16.5% stake in the company. “In light of the changes in shareholding, Subhash Chandra has expressed his intention to resign as Chairman of the Board with immediate effect,” the broadcasting company informed. “The Board accepted his resignation […]

Zee completes sale of 8.7% stake to Invesco Oppenheimer

Zee Essel Group today said it has completed the sale of 8.7% of its crown jewel, Zee Entertainment Enterprises, to US-based Invesco Oppenheimer Developing Markets Fund as per a plan announced in July. The remaining 2.3% stake that is to be transferred to the fund will also be sold in the “next few days”, the […]

Congress secretly wants Article 370 gone- Subhash Chandra

Zee Group Chairman Subhash Chandra, an independent Rajya Sabha MP from Haryana, today said all parties, including the opposition Congress, are secretly in favor of the abrogation of Article 370, but political compulsions force them to adopt a different stance in public. Delivering his maiden speech in the Rajya Sabha, the independent member from Haryana […]

Subhash Chandra’s brothers step down from promoter group at Siti Cable

Siti Cable Network, a part of Subgash Chandra’s Zee Essel group, said it has received communication from the promoters that Subhash Chandra’s brothers will step down from the promoter group. The move is part of a family arrangement between the four brothers, said the company. “further to the family arrangment agreed to between the promoter […]