ZEE TV Founder Subhash Chandra Breaks Silence Over Investor Trouble
Founder of ZEE TV Subhash Chandra has broken silence over his beleaguered empire in an interview to his own channel ZEE Business. After the announcement of ZEE TV with Japanese Sony corporation, its investors, INVESCO Mutual Funds have called for an Emergency General Meeting of the company to remove the current management under Punit Goenka, son of Mr Chandra.
He says: “Invesco are a good investor but they are not transparent about who they are going to change the management with. Is there some other agenda. Let the shareholders decide the fate of the company. The regulator also has the responsibility that the minority shareholders’ interest should be kept in mind”. Subhash Chandra and his family are now minority shareholders after pledging their share to pay of the huge debt of the company as reported by Go News earlier.