BusinessSubhash Chandra's Damage-Control Push Helps Zee Recover From 26% Drop
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Subhash Chandra's Damage-Control Push Helps Zee Recover From 26% Drop
Zee Entertainment Enterprises shares recovered after plunging last Friday
Analysts say Zee valuation attractive, no change to fundamentals
Last Thursday, Zee reported 75% jump in profit for December quarter
Media tycoon Subhash Chandra rushed over the weekend to stem a crisis that wiped $1.6 billion off his flagship Zee Entertainment Enterprises Ltd.'s market value on Friday and threatened to derail his plans to sell a stake in the company. His efforts paid off.