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90% of family's stake in Zee pledged, reveals Subhash Chandra's son
short by Krishna Veera Vanamali / on Saturday, 5 October, 2019
Essel Group Chairman Subhash Chandra's son Punit Goenka, the MD and CEO of Zee Entertainment, revealed on Saturday that his family's stake in the company stands at 22%, over 90% of which is pledged. Zee's promoter shareholding as of June was 35.8%, of which 64% had been pledged. Total promoter group debt stands at ₹7,000 crore, Goenka added.
read more at Bloomberg Quint