After extending support to the Zee-Sony merger, Zee Entertainment Enterprises Ltd's (Zeel) single-largest shareholder Invesco on Wednesday said that it will invest up to 7.8 per cent stake worth Rs 2,200 crore in the media conglomerate via a block deal on 7 April.
ZEE welcomes Invesco s belief in the true potential of the proposed merger with Sony adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
Invesco Developing Markets Fund on Thursday stated that it has decided not to pursue the extraordinary general meeting (EGM) of Zee Entertainment Enterprises Ltd (Zeel) shareholders as per their requisition dated 11 September 2021.
Get latest articles and stories on Latest News at LatestLY. Investment firm Invesco Developing Markets Fund, the largest shareholder in Zee Entertainment Enterprises, on Thursday said it will support the Zee-Sony merger deal and has decided not to pursue the call for ZEEL EGM to remove Managing Director and CEO Punit Goenka and two independent directors. Latest News | Invesco Supports Zee-Sony Merger Deal; Not to Pursue EGM Call to Remove ZEEL MD, Independent Dirs.
Shares of Zee Entertainment Enterprises Ltd. gained the most in about six months after its largest shareholder decided not to pursue an extraordinary general meeting demanding an independent board in the broadcaster.