Latest news with #SubhashChandra
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Business Standard
2 days ago
- Business
- Business Standard
Chandra, family to recover ₹1,300 cr in one year to fund investment in ZEEL
Essel Group promoters expect to recover dues and invest Rs 2,237 crore through convertible warrants, potentially increasing stake in ZEEL to 18.39 per cent New Delhi Listen to This Article The promoters of Zee Entertainment Enterprises Ltd (ZEEL), Subhash Chandra and his family, are expected to recover through the Essel group around ₹1,300 crore in one year from various parties who owe money to them, according to a source close to the family office. The source added that ZEEL's promoters, who are also the founders of the company, have already received confirmations from various parties indebted to them. So far, the promoters have recovered ₹800 crore, mainly from three sources: a municipality corporation in Maharashtra, a public sector unit in Haryana, and another public sector unit in Madhya Pradesh. The
Time of India
5 days ago
- Business
- Time of India
Zee to raise Rs 2,200 crore from promoter group entities
MUMBAI: In its first major fundraising effort since the collapse of its merger with Sony Pictures India, will raise Rs 2,237 crore from its promoters to finance its growth plans. The company plans to issue up to 16.95 crore convertible warrants at Rs 132 each to Altilis Technologies and Sunbright Mauritius Investments, companies owned by promoters Subhash Chandra and his family, in one or more tranches. Tired of too many ads? go ad free now Once the warrants are converted into equity within 18 months from the date of allotment, Subhash Chandra and his family's ownership in the broadcaster will increase significantly to 18.39% from 3.99% as of March-end 2025. This will be an important event in Zee's history as the founding family strengthens its control over the company, which has faced takeover threats in the past. The method by which the family is raising Rs 2,237 crore has not been disclosed. Zee's fund-raising initiative comes at a time when it is working to stabilise operations and focus on digital growth after implementing various strategies such as cost-cutting, staff reductions, and investment in new content following the fallout from last year's failed merger with Sony Pictures India. Zee is now looking to build its core business and invest in emerging segments like micro-drama app Bullet. The company has scheduled a shareholder meeting on July 10 to seek approval for the issuance of warrants to its promoters. The warrants are priced higher than the regulatory price of Rs 128.58 each, with the current Zee stock trading at Rs 138 per share. This fundraising plan follows a review of Zee's growth strategies by investment bank JP Morgan, which presented various strategic alternatives to augment and strengthen the company's balance sheet. After considering these alternatives, Zee's board approved the issuance of upto 16.95 crore convertible warrants to promoter group entities on a preferential basis at Rs 132 per warrant. Tired of too many ads? go ad free now Shubham Shree, representing the promoter group, said: "The promoters submitted their desire to enhance their shareholding to the board on May 1 when the stock price was at Rs 106.35. However, they remain committed to the company and its business even at the higher price (of Rs 132 per warrant)."
Mint
5 days ago
- Business
- Mint
Zee promoters to raise stake via ₹2,237 crore preferential issue
The promoters of Zee Entertainment Enterprises Ltd are set to increase their stake in the company to 18.39% through a preferential allotment of fully convertible warrants worth ₹ 2,237.4 crore, as the media firm looks to shore up its financial foundation and accelerate its pivot to a content-tech-led growth strategy. The Zee board, after two rounds of meetings on Sunday, approved the issuance of up to 16.95 crore warrants to promoter group entities at ₹ 132 per warrant, higher than the regulatory floor price of ₹ 128.58, according to a company statement. The promoter group, led by Subhash Chandra, currently owns 4.28%. Investment bank JP Morgan had earlier presented strategic alternatives and reviewed Zee's medium-term growth initiatives. The move, subject to shareholder approval, aims to equip the company with long-term capital to fund its diversification and digital bets. It comes even as Zee continues to battle sluggish stock performance and navigates the fallout of its failed merger with Sony. The warrant issue marks the first major promoter-led capital infusion into Zee in several years. The promoters had submitted their intent to enhance shareholding on 1 May, when the stock traded at ₹ 106.35, the company disclosed. R. Gopalan, chairman of ZEEL, said the move will not only 'enhance the promoter shareholding' but also 'ensure their added motivation to work in line with the enhanced business plan.' He said the infusion will bolster Zee's balance sheet as it executes new strategic initiatives in the evolving media and entertainment space. Shubham Shree, representing the promoter group, reaffirmed their commitment despite the higher pricing. 'The promoters are committed to the company and its business even at this higher price.' Zee recently announced an investment in micro-drama app 'Bullet' and has launched three new subsidiaries to diversify its operations. In a May investor presentation, the company outlined its aim to become a content and technology powerhouse.
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India.com
05-06-2025
- General
- India.com
This Environment Day, Be A Little More Kind To The Earth
World Environment Day is celebrated annually on June 5 to raise awareness about environmental issues and promote sustainable living. In 2025, it is being observed on Thursday, June 5. Dr Subhash Chandra, Former Rajya Sabha MP, shared his thoughts on the occasion of World Environment Day through a video: "It's just one wrapper... right? Just one straw, one bottle, one careless move. But what if... it's never 'just one'? That one piece becomes part of the soil, seeps into the ocean, and breaks into tiny pieces, too small to see but too real to ignore. We don't throw it away; we throw it somewhere. 3.5 billion years ago, tiny, invisible beings called cyanobacteria created oxygen. They didn't shout; they just gave us breath." He further added, "We exist because of something we can't even see. We are not outside creatures; we are made of it. The breath you take in, your smallest choice — it goes through the entire web of life." "This Environment Day, don't try to be perfect; just be aware. Be a little more kind to the Earth, to others, to the invisible thread that connects us all," said Dr Chandra. Watch Video Here History of World Environment Day The United Nations Conference on the Human Environment, which took place from June 5 to June 16, 1972, marked the beginning of World Environment Day. The conference aimed to address growing concerns about the impact of human activities on the environment. Since then, June 5 has been designated as World Environment Day, with the first celebration held in 1973. Significance of World Environment Day The day serves as a global platform for: - Raising Awareness: Highlighting emerging environmental concerns and crises, such as climate change, deforestation, and pollution. - Promoting Sustainability: Encouraging sustainable development and recognizing the importance of environmental issues. - Encouraging Action: Inspiring individuals, communities, and governments to take action in protecting the environment. World Environment Day 2025 serves as a reminder of the importance of protecting our planet and promoting sustainable living. By working together, we can make a significant impact in reducing environmental pollution and preserving natural resources for future generations.
India.com
05-06-2025
- Health
- India.com
'Be a little more kind to the earth, to others,' Dr Subhash Chandra's inspirational message on World Environment Day 2025
With the climate crisis menacing ecosystems, biodiversity, and human health, global environmental action has never been more critical. World Environment Day presents an opportunity for all of us to reflect and a stage upon which solutions can be amplified. Observed worldwide on June 5, it is a reminder to all nations that protecting the environment is not only a duty of governments but also a responsibility of all individuals and communities. Every year on June 5, citizens from all over the world come together to commemorate World Environment Day, an activity sponsored by the United Nations Environment Programme (UNEP). World Environment Day is celebrated every year on June 5. The official theme for World Environment Day 2025 is 'Beat Plastic Pollution.' This campaign is all about raising awareness worldwide about the serious damage plastic waste is causing to our ecosystems, wildlife, and even our own health. It's a call for all of us to come together and take action to reduce plastic pollution before it's too late. On the occasion of World Environment Day, Dr Subhash Chandra, has shared a heartfelt and timely message for the world. In his special address, Dr. Chandra reflects on the pressing environmental challenges of our time. He stated that one careless action leads to enormous destruction of the surroundings and nature. Later in the video, he urged everyone to be kind to the environment. The video begins with Dr. Subhash Chandra posing a simple yet powerful question: 'It's just one wrapper, right?' He points out how often we dismiss plastic waste as insignificant—just one straw, one bottle, or one careless moment. But he challenges this thinking by asking, 'What if it's never just one?' He explains how that single piece of plastic doesn't simply disappear; instead, it becomes part of the soil, seeps into the ocean, and breaks down into tiny, invisible fragments. These microplastics are too small to see but too serious to ignore. Dr. Chandra's message drives home the reality that when we discard plastic, we don't truly throw it away—we just throw it somewhere else, where it continues to harm our planet. He said, 'The breath you take in was gift from a tree.' 'Your smallest choice echoes through the entire web of life,' he further added. In his moving World Environment Day message, Dr. Subhash Chandra gives us a simple and yet wise piece of advice: 'This Environment Day, don't try to be perfect, just be aware.' He urges us to be more compassionate towards the planet—and towards one another. 'Be a little more kind to the earth, to others, to the invisible thread that connects us all,' he says, reminding us that each small act of consciousness and niceness has the potential to bring meaningful change.
