Goenka acknowledging Invesco s stance stated the communication related to proposals of the kind are always well-documented, therefore, the institutional investors assertion appear contrary.
The press statement released on Wednesday stated that differences between Zee Entertainment and Invesco on the requirement of the founding family increasing stake in Zee drowned the deal.
Bringing the matter to the public domain for the first time, ZEEL founder Dr Subhash Chandra appeared on Zee News Editor-In-Chief Sudhir Chaudhary’s prime time show DNA and posed some very tough questions to Invesco and accused it of trying to take over the ZEE group in a clandestine manner.
Invesco moves NCLT against Zee for not holding EGM, ZEEL terms move premature prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.