Tag Archives: Invesco

Invesco breaks silence on Zee, says deeply disappointed with board, governance standard of company

A month after Invesco sought an extraordinary general meeting (EGM) to replace Punit Goenka as the chief executive and managing director of Zee Entertainment Enterprises, the Wall Street fund manager, the largest shareholder of the company, wrote an open letter … Continue reading

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Subhash Chandra battles to retain his $4 bn 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 … Continue reading

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NCLT directs Zee Entertainment to file reply to Invesco plea by October 22

The National Company Law Tribunal (NCLT) on Friday gave Zee Entertainment Enterprises Ltd time till October 22 to file its reply to a plea by its minority shareholder Invesco, after appellate body NCLAT ordered the tribunal to give the media … Continue reading

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Invesco wanted ZEE’s merger with a ‘large Indian group’, EGM call in retaliation, alleges Punit Goenka

Punit Goenka, MD & CEO of Zee Entertainment Enterprises (ZEE) on Tuesday disclosed to the company board that Invesco – the largest shareholder of the company, which is seeking his removal from the board – had approached him in February … Continue reading

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Zee fight: Invesco claims potential transaction was negotiated between Reliance and Punit Goenka

A day after Punit Goenka, MD & CEO of Zee Entertainment Enterprises (ZEE), informed the company’s board that Invesco was trying to oust him after he rejected a potential merger deal with a large Indian group, Invesco has claimed that … Continue reading

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View: India is no place for US-style investor activism

Aggressive, no-holds-barred shareholder activism has met with plenty of cultural resistance in Asia, most notably in Japan and South Korea. Now, it’s India’s turn to curb American investors’ enthusiasm. Or so it would seem from the latest twist in the … Continue reading

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ZEE moves Bombay high court against Invesco’s demand for EGM

Firing a fresh salvo at its largest investor, Zee Entertainment Enterprises (ZEE) on Saturday said it has filed a civil suit in the Bombay high court against Invesco. “The Company has filed a suit before the Bombay High Court under … Continue reading

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View: The smart money doesn’t like stocks but loves gold

By Mark Gilbert Gold is up 25% this year and traded above $1,895 per ounce on Thursday, not far from the 2011 record high of $1,921. Meanwhile, global stocks, as measured by the MSCI World index, have recovered almost all … Continue reading

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Exclusive: Invesco in talks to invest in Swiggy at $10 billion valuation

Mumbai: Swiggy is finalising a new financing round of about $500-600 million that is likely to be led by US asset manager Invesco, according to three people aware of the matter. The exercise is likely to catapult the valuation of … Continue reading

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debt markets | Mid-cap funds look good, but don’t invest in one go

Investors looking to invest in mid-cap mutual fund schemes could look at staggering their investments over the next few months, said investment advisors. After outperforming blue-chips so far in 2021, valuations of mid-cap stocks are not cheap but fund managers … Continue reading

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