Subhash Chandra gets Rs 6.5 crore on ₹22,006 cr dues, 99.97% haircut

Subhash Chandra gets Rs 6.5 crore on ₹22,006 cr dues, 99.97% haircut — The NCLT has approved a resolution plan granting Subhash Chandra a payout of Rs 6.5 crore against his ₹22,006 crore in outstanding dues, marking a 99.97% haircut. The move clears a major legal and financial hurdle for the promoter-linked entities. This resolution is seen as a critical step in finalizing the Zee takeover saga.

📊 STOCKS: $ZEEL | 🏢 SECTOR: Corporate | #HIGHIMPACT #Zee