 The remaining 49% stake was still held by Reji Menon and Asianet MD K. Madhavan with Zee Group holding a small 3% stake.Madhavan continued as the MD of Asianet, while Chandrasekhar took over as the Chairman of the company.Asianet Communications soon launched its foray into Kannada and Telugu television industry with Asianet Suvarna and Asianet Sitara.