InvestorQ : Is it true that Invesco is trying to take over Zee on behalf of other media companies, as alleged by Subhash Chandra?
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Is it true that Invesco is trying to take over Zee on behalf of other media companies, as alleged by Subhash Chandra?

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Rashi Mehra answered.
1 month ago
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That is what the founder of the Zee group, Subhash Chandra has been alleging. In a bid for who takes control of decision making at Zee, Chandra has highlighted that Invesco should behave like an investor and not like a promoter of the company. He also alleged that Invesco was trying to clandestinely take over the company, at the behest of some other parties. He has asked the regulator to probe this angle in the entire episode.

Instead of trying to oust the CEO and infuse its own people, Chandra suggests that in case Invesco was interested in taking control of Zee, they should make an offer just like Sony Pictures had made. Ultimately, it should let the shareholders decide rather than try and pressure the NCLT with their demands. Chandra urged the regulators to find out who was trying to launch a takeover bid for Zee Entertainment through the back door.

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