Want to Subscribe?
Read Corporate India and add to your Business Intelligence
Unlock Unlimited Access
Published: May 15, 2023
Updated: May 15, 2023
The Zee-Sony merger to create a $10 bn entertainment giant in India is in deep trouble with JC Flowers moving the NCLT to seek its dues. Yes Bank had sold its bad loans book to JC Flowers. The transaction is already delayed by over 18 months after it was first announced in September 2021.
Essel group promoter Subhash Chandra has lost control over the company after the promoter entities defaulted to several government-owned banks. JC Flowers has said Subhash Chandra must bring the proceeds of the no- compete agreement signed in Mauritius to India so that bank loans can be repaid. But Chandra wants to use the proceeds to increase his stake from 2 per cent to 4 per cent in the merged entity. All eyes are now on the court which will hear the case in June.
September 30, 2025 - Combined Issue
Industry Review
VOL XVI - 22
September 16-30, 2025
Want to Subscribe?
Read Corporate India and add to your Business Intelligence
Unlock Unlimited Access
Lighter Vein
1 Year *
Subscription
Rs 1800 /-
3 Year *
Subscription
Rs 5000 /-
5 Year *
Subscription
Rs 8000 /-
5
International
Subscription
$ 99.99
Read Corporate India and add to your Business Intelligence
Popular Stories
A modern-day enigma and a ramification of humanity's never-ending advancements, e-waste refers to the scum con- cealed by the outward glow of ever-advancing technology.
Archives
Office Address
Unit No. 405, 4th floor, Madhu Industrial Park, Avadh Narayan Tiwari Marg, Mogra Village Road, Andheri (East), Mumbai – 400069.
Call/Whatsapp
If you are interested in advertising with Corporate India, please don't hesitate to contact us. Our team is here to assist you with the process and answer any questions you may have. We look forward to the opportunity to work with you and help your business reach its full potential.
Fill out the form below to subscribe to our newsletter and never miss an update