Subhash Chandra‘s Zee has, like Raghav Bahl‘s TV18, always been a smart valuations player, forming subsidiaries, leaking information, etc to keep the stock in the news and drive its value up.
In September 2018, Chandra gave a long, supersoft interview to The Hindu, apropos nothing, in which he railed against Mukesh Ambani‘s Reliance Jio, even going so far as to suggest that the telecom regulatory chief R.S. Sharma had got an extension thanks to Ambani.
The penny drops today with news that Chandra wants to divest and Reliance may be one of the potential bidders.
Xx
IJR 