Shivub
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The announcement of the non-binding merger pact on Wednesday underlines Invesco’s case for change, it said in a September 23 note to the ZEE board. Invesco said it had first sought an EGM to discuss the matter of directors on September 11.
“Your disclosure of 22 September 2021 is symptomatic of the erratic manner in which important and serious decisions have been handled at the company,” Invesco said in the letter, which ET has seen. “Precisely to protect shareholder value and in the exercise of our statutory rights as an ordinary shareholder, we have called upon the company to hold an EGM, and it is your duty under company law to now do so.”
“Your disclosure of 22 September 2021 is symptomatic of the erratic manner in which important and serious decisions have been handled at the company,” Invesco said in the letter, which ET has seen. “Precisely to protect shareholder value and in the exercise of our statutory rights as an ordinary shareholder, we have called upon the company to hold an EGM, and it is your duty under company law to now do so.”
Twists in Sony-ZEE Merger saga; Invesco stands firm over removal of Punit Goenka
The announcement of the non-binding merger pact on Wednesday underlines Invescos case for change, it said in a September 23 note to the ZEE board. Invesco said it had first sought an EGM to discuss the matter of directors on September 11.
m.economictimes.com