Breaking Top Investors in Zee Entertainment demand removal of Punit Goenka

  • Thread starter Thread starter Lurie
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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.
 
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Bloomberg has put out an article on the big boardroom battle.
 
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
 
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
 
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