The stock had been going through a lot of turbulence following Zee Learn's calling off proposed merger on the company's cash situation. The stock has fallen over 80 percent in one year.
Crippled pre-school chain Tree House today landed in further trouble with Essel Group's education arm Zee Learn not only calling off its proposed merger, citing the bad press, but also threatening to take legal recourse to seek damages from the failed deal.
In an interview to CNBC-TV18, Rajesh Bhatia, managing director, Tree House Education and Accessories gives the details of the stakes held by Aditya Birla Private Equity Fund and ON Mauritius after the preferential allotment.