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Updated Oct 13, 2021 | 14:43 IST
Punit Goenka
Zee's Punit Goenka negotiated potential deal with Reliance, claims Invesco 

A day after Zee released a letter saying that Invesco tried to pressure the company’s managing director Punit Goenka into a deal with entities of a large Indian group, Invesco has hit back at the promoter family.,fifa online casino India

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).,delhi satta all game chart

“We wish to make clear that the potential transaction proposed by Reliance (the ‘strategic group’ referenced but not disclosed in the October 12 communication by Zee) was negotiated by and between Reliance and Goenka and others associated with ZEE’s promoter family. The role of Invesco, as ZEE’s single largest shareholder, was to help facilitate that potential transaction and nothing more,” Invesco said in a statement.,football betting tips reddit

We reject in full the assertions made by Zee in its release on 12 October 2021. We specifically note that the implication that we as a shareholder would seek out a transaction for Zee that is dilutive to the long-term interests of ordinary shareholders, including ourselves, simply defies logic," said a spokesperson for Invesco.,free roulette tool

Late on Tuesday, Zee Entertainment Enterprises hit back at Invesco, alleging that the American investor’s activism, including demanding a special shareholder meeting, followed Zee managing director Punit Goenka rejecting a deal that its largest shareholder proposed earlier this year.,free slot machine apps that pay real money

In a six-page letter disclosed to the stock exchanges, Zee said Goenka shared with the board a note which detailed Invesco’s proposed transaction under which Zee’s current shareholders would have held 40% while an unnamed Indian group, would have controlled 60% after infusing Rs 14,000 crore in cash in the merged entity.,pak vs zim

123live com,“This was the first time that Invesco informed me about the merger deal and the fact that a public shareholder was negotiating a merger deal on behalf of the Company (Zee) without any authority/ involvement of the Board and Management, took me by surprise," said Goenka in a note shared by Zee.

tennis grip g2,Invesco added that it rejects in full the assertions made by ZEE on October 12.

Invesco on September 11, sent a requisition notice to the ZEE board, seeking an extraordinary general meeting (EGM) of the shareholders to remove Goenka and two other directors from the board and induct six new independent directors of its choice.,golden soccer

Since then the company and the investor have been embroiled in a legal battle.,europa results

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