InvestorQ : Have Subhash Chandra and family entirely exited management of Zee TV and what is the outlook for the future?
Khushi Patel made post

Have Subhash Chandra and family entirely exited management of Zee TV and what is the outlook for the future?

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Anjana Aiyar answered.
2 years ago
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You would recollect that when Zee promoters, Subhash Chandra family, got into problems with their infrastructure investments, they had to sell most of their stake in the company. The Chandra family now holds just 5% in the group and Subhash Chandra has already stepped down from the post of chairman of the group. However, the investor, INVESCO still reposes full faith in the promoters and that means if the growth does not pick up then one cannot rule out the management control again shifting back to the Chandra group. Invesco apparently has expressed that it would be comfortable if the Chandras ran the show considering their deep expertise in the broadcasting space. So the promoters may be biding time for now but they are surely not out of the picture yet.

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