4/1/2024 0 Comments Zee news hindi live tv![]() ![]() ![]() Zee has two weeks to respond, as per a tribunal order on Friday. Invesco then took the battle to India's companies tribunal, where it is trying to force Zee to call the meeting, saying Zee's behaviour is "oppressive". ![]() Zee on October 1 rejected Invesco's request to revamp the board, saying that the move had legal infirmities. They have suggested six new independent board members to be appointed and remove Zee's current CEO, Punit Goenka.Invesco asked Zee on September 11 to call an "extraordinary general meeting" of shareholders to consider its demands. Invesco's Developing Markets Fund and its OFI Global China Fund LLC own a near 18% stake in Zee. Invesco's legal filings reviewed by Reuters - which are not public - show it wants changes at Zee in light of corporate governance and financial irregularities that have plagued the company, and have even been flagged by India's market regulator. Here is what the Invesco-Zee dispute is all about: Zee has said it has tightened its governance processes.īut the dispute comes at a fraught time for one of India's biggest news and entertainment TV groups as it recently started merger talks with the local unit of Japan's Sony Group Corp. New Delhi: India's Zee Entertainment is locked in a legal battle with one of its biggest foreign investors, Invesco, after it called for ouster of the TV network's CEO citing concerns around corporate governance. ![]()
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