Zee founder Subhash Chandra's next move

Zee Group founder Subhash Chandra has announced his plans to take a professional role with investment firms in Switzerland following the approval of a repayment plan in his personal insolvency case. In a video statement, the 75-year-old businessman revealed that he has Rs 6.5 crore left, which he will use to meet the approved repayment plan while living on rental income from his residential house.

Chandra expressed no regrets over the settlement and stated that he intends to continue doing new and good things. He also mentioned his intention to work with investment professionals in Switzerland and potentially invest in start-ups through a loan of Rs 2-4 crore from his family. The insolvency proceedings arose from a personal guarantee Chandra provided for a loan taken by Vivek Infracon, which subsequently defaulted.

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