In conference call, it sounded like - Moving to another group company and paying lease to become asset light.
there is a good possibility of lenders selling zee promoter shares in the market , as promoters are finding difficulty in servicing the debt (consequence of ILFS default) & about 90% of promoter shares are pledged. This is scenario i feared when i first invested here 2 months ago & is now becoming a very real threat.
@dineshssairam whats your take on the current scenario ? company looks very attractively valued.
Reason behind yesterday’s fall.