Zee Enterprises plan to repay all debt by September

Zee Enterprises MD & CEO Punit Goenka tells FE’s Malini Bhupta that if the need arises he is open to selling some more stake, but does not want a repeat of Black Friday. Excerpts:

What is the road ahead after today’s announcement?
We will get into aggressive negotiations for our non-media assets, which would include the financial services portfolio, solar assets and roads assets. We have non-binding offers for our solar and roads assets. The roads deal can be wrapped up quickly so that we can meet the timeline of September 30, 2019. We had agreed with the lenders to stick to this timeline.