Breaking Top Investors in Zee Entertainment demand removal of Punit Goenka

[rahul1117kumar]

#ETExclusive: @PunitGoenka files affidavit in #NCLT... alleges #Invesco is “seeking control” of the company’s board and trying to “sabotage” the proposed merger with Sony with EGM requisition. @MaulikVyas @EconomicTimes #ZeeVsInvesco

https://t.co/7KJMZExS5P

— Gauraav Laghate (@gaurav_laghate) October 22, 2021

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[stiwari]

Zee Entertainment Enterprises Ltd agreed, after a nudge from the Bombay high court, on Thursday to consider Invesco’s demand to convene a special shareholders’ meeting after the court assured that the outcome would be kept on hold for a week during which it could review the legality of the resolutions recommended by the US fund manager.

Zee Entertainment  agrees  to  consider Invesco’s  EGM  demand

Bombay HC assures that the outcome would be kept on hold for a week.The investor has demanded Zee hold an EGM and ask shareholders to vote on its recommendations of removing Goenka

www.livemint.com

 

[Aksgr]

 

[satyajeet]

Bombay HC allows ZEE's plea, restrains Invesco from going ahead with EGM requisition Bombay HC allows ZEE's plea, restrains Invesco from going ahead with EGM requisition

 

[JollyLNB]

Bloomberg has put out an article on the big boardroom battle.

A media tycoon battles to retain his $4 billion Indian empire

Subhash Chandra is no stranger to corporate battles. In 1998, when his then partner Rupert Murdoch attempted to buy out their thriving five-year-old Indian television venture, the entrepreneur deftly fended off the billionaire to wrest back control of what became Zee Entertainment Enterprises Ltd.

www.livemint.com

 

[ak7777]

Bombay HC allows ZEE's plea, restrains Invesco from going ahead with EGM requisition Bombay HC allows ZEE's plea, restrains Invesco from going ahead with EGM requisition

Till then Zee and Sony may reach on a concensus it seems

 

[Aksgr]

Till then Zee and Sony may reach on a concensus it seems

Big option left for Invesco is to vote against the merge.

 

[ak7777]

Big option left for Invesco is to vote against the merge.

Invesco is a 17% Shareholder while Minority Shareholders, LIC have more control. For the merger to pass it needs 75% approval. Zee May Influence Minority Shareholders through media and other medium

 

[Aksgr]

Invesco is a 17% Shareholder while Minority Shareholders, LIC have more control. For the merger to pass it needs 75% approval. Zee May Influence Minority Shareholders through media and other medium

I think it's 80% . In major deals. It won't be 3/4th . It will be higher.
It's now what stand the Invesco will take . Whether they will stay firm and go for a review or become silent and work as per the family

 

[rahul1117kumar]

Invesco Challenges Bombay High Court Order in Zee Matter

https://t.co/QCPGh4LDau @EconomicTimes @gaurav_laghate

— Maulik Vyas (@MaulikVyas) October 28, 2021

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