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Updated Oct 13, 2021 | 18:26 IST
Reliance issues statement, says regret being drawn into the Zee-Invesco dispute
Reliance issues statement regarding Zee-Invesco tussle, says regret being drawn into the dispute 
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In the official statement issued by the company it said, "We regret our being drawn into the dispute between Zee and Invesco. The reports in the media are not accurate." It further informed that in February/March 2021, Invesco assisted RIL in arranging discussion directly between their representatives and Punit Goenka, member of the founder family and MD of Zee. ,football online games multiplayer

"We had made a broad proposal for merger of our media properties with Zee at fair valuations of Zee and all our properties. The valuations of Zee and our properties were arrived at based on the same parameters. The proposal sought to harness the strengths of all the merging entities and would have helped to create substantial value for all, including the shareholders of Zee," RIL said. ,football match games online play free

best online bookies offers,It further said, "Reliance always endeavours to continue with the existing management of the investee companies and reward them for their performance. Accordingly, the proposal included continuation of Mr Goenka as Managing Director and issue of ESOPs to management, including Mr Goenka."

handball hölle,"However, differences arose between Mr Goenka and Invesco with respect to a requirement of the founding family for increasing their stake by subscribing to preferential warrants. The investors seemed to be of the view that the founders could always increase their stake through market purchases," the oil-to-telecom conglomerate further said in a statement.

casino royale goa review,"At Reliance, we respect all founders and have never resorted to any hostile transactions. So, we did not proceed further," it concluded the statement. 

fish games win real money,For the unversed, ZEEL on Tuesday said Invesco, its single largest shareholder, had itself come with a proposal in February this year for a merger of the company with certain entities owned by a large Indian group (Strategic Group) with inflated valuation "by at least Rs 10,000 crore".

A day after Zee released the letter saying that Invesco tried to pressure Goenka into a deal with entities of a large Indian group, Invesco hit back at the promoter family. The US fund said that it was Punit Goenka and members of the promoter family who had negotiated a potential deal with Reliance (the large Indian group which Zee did not name).,football price

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