Zee Founder Subhash Chandra has urged Invesco to behave like a shareholder and not like the owner and accusing institutional investor Invesco of plotting a hostile takeover.
Zee founder accuses Invesco of hostile takeover plot.
Zee Founder Subhash Chandra has urged Invesco to behave like a shareholder and not like the owner and accusing institutional investor Invesco of plotting a hostile takeover.
Zee founder accuses Invesco of hostile takeover plot
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The merger of #Zee and a domestic unit of Japan's #SonyGroup Corp will create a television powerhouse to grab more advertising revenue, challenging top rival Walt Disney Co in a key growth market.
Made fair offer for Zee, regret being drawn into Zee-Invesco dispute, says Mukesh Ambani
Technology video | 86 views
Ending eight-and-a-half month search for the best suitor, the promoters of Zee Entertainment Enterprises (ZEE) have zeroed in on US-based financial investor, Invesco Oppenheimer Developing Markets Fund, to sell 11% of their stake in the company for a consideration of Rs 4,224 crore. Registered with the US Securities & Exchange Commission, the fund has been a financial investor in ZEE since 2002 and currently owns 7.7% stake in the company.
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Watch Invesco Oppenheimer picks up 11% stake in Zee Entertainment for Rs 4,224 crore With HD Quality
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If we were to move from 5% odd GDP growth to even 5.5% or 6% in the course of the next few quarters, the markets will heave a sigh of relief, says Taher Badshah, CIO-Equities, Invesco Mutual Fund in an interview with ETNOW.Earnings cycle will probably run a little ahead of what market expects: Taher Badshah, Invesco
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