Invesco to offload 7.8% stake in Zee
Post the completion of the bookbuild, Invesco will continue to own an 11% stake in Zee
invesco
Invesco reiterates support for Zee-Sony merger, not to pursue EGM
Zee Entertainment’s largest shareholder has welcomed the recent Bombay HC ruling as a ‘boon for corporate governance in India’
Merger with Sony will depend on nod from ZEEL’s shareholders
The coming together of ZEEL and Sony will depend on the nod from public shareholders of ZEEL, including the largest shareholder Invesco which is opposed to the union
Bombay HC restrains Invesco from calling ZEEL EGM
In a major relief to ZEE, the court restricts Invesco from taking any action or steps in furtherance of the requisition notice including calling and holding an EGM
Bombay HC asks ZEE Board to consider EGM as demanded by shareholders
Updated reports say that ZEE will get back to court on October 22 regarding giving consent for EGM
Recap: The Week That Was
We bring you a roundup of the news that made headlines this past week
Rejected Invesco proposal as shareholder value was being compromised: Punit Goenka
In a note, MD of ZEEL says that the communications pertaining to Invesco proposals are well-documented, and they speak contrary to the stance taken by the firm
Zee responds to Invesco's open letter
The company has also criticized Invesco for casting unsubstantiated aspersions on the management
In this proxy corporate war, Punit Goenka is the preserver: Dr Annurag Batra
Dr Batra, Chairman & Editor-in-Chief of e4m & BW Businessworld, feels the fight between Zee and Invesco has an equivalence with the trinity of our Gods– Lord Brahma, Lord Vishnu & Lord Shiva
Respect all founders, never resorted to hostile transactions: Reliance on Zee-Invesco row
Differences arose between Punit Goenka and Invesco with respect to a requirement of the founding family for increasing their stake by subscribing to preferential warrants, Reliance said
‘If Invesco was a matchmaker, it should have disclosed it at the time of EGM requisition’
Shriram Subramanian, Founder and MD at proxy advisory firm InGovern, has said that Invesco’s actions so far seem to be a takeover battle under the guise of shareholder activism
Invesco's merger deal proposal would have led to Rs 10,000 cr loss to shareholders: ZEEL
The company said that the American investment management firm had proposed a merger deal between the company and a large Indian group (Strategic Group) in February this year
Zee says Invesco’s double standards exposed as it had proposed merger offer too
The offer was turned down by Zee's Managing Director and Chief Executive Officer Punit Goenka as he felt the merging entities of the strategic group were over-valued.
ZEEL gets time till Oct 22 to file reply to Invesco plea in NCLT
The Mumbai bench of NCLT passed this order after appellate body NCLAT ordered the tribunal to grant reasonable and sufficient opportunity to ZEEL to file its reply
NCLAT directs NCLT to grant reasonable time to ZEEL for replying to Invesco’s appeal
ZEEL had moved NCLAT against NCLT's order dated October 5, directing the company to submit a reply to a petition filed by Invesco by October 7
NCLT directs ZEE to respond to Invesco petition by Oct 7
On September 30, Invesco had moved a petition for an EGM in order to remove ZEEL CEO and MD Punit Goenka along with two other directors
We will not let a foreign company take over ZEEL: Subhash Chandra
In his first public interview over the matter, Chandra criticised Invesco for trying to take over the company in a clandestine manner
Zee Media's Sudhir Chaudhary to interview Subhash Chandra on ZEEL vs Invesco matter
The interview will air across Zee Media's 14 news channels in six languages today
Invesco's call for EGM 'illegal and invalid': ZEE to Bombay HC
ZEE had filed a suit before the HC under ordinary original civil jurisdiction in a stock exchange filing
Zee board refuses Invesco call for EGM
The board has arrived at this decision after taking opinion of legal experts
Company will call shareholder meeting as per norms: Zee at NCLT
NCLT will hear the case next on October 4.
Company in process of taking steps within statutory period: Zee on Invesco moving NCLT
In a statement, Zee has called Invesco’s move 'impulsive' and 'premature'
Will take necessary action as per law, says ZEEL on shareholders' board reshuffle demand
Goenka's appointment as MD and CEO is one of the conditions for the merger deal, announced last week, between the two companies
As Invesco stands firm on EGM, ball in shareholders court
Apart from seeking Punit Goenka's ouster, the largest shareholder in ZEEL has also proposed the names of six independent directors
ZEEL boardroom battle: Punit Goenka gets support from minority shareholders at AGM
Rakesh Jhunjhunwala, BofA Securities buy shares worth Rs 225 crore in ZEEL
'Invesco should come back to shareholders & explain why we should vote for them'
If Invesco has any problems, they should take us into confidence, a ZEEL shareholder said during the AGM
Stock market shrugs Invesco notice as Zee stock climbs up
Zee shareholders Invesco Developing Markets Fund and OFI Global China Fund LLC have asked for Punit Goenka’s removal as Director
Punit Goenka assures of ‘business as usual’ after Invesco move on board reconstitution
Zee Entertainment's shareholders Invesco Developing Markets Fund and OFI Global China Fund LLC have sought removal of Punit Goenka as Director