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Goenka says as a law-abiding citizen and a representative of a responsible corporate citizen, he has complete faith in the judicial and regulatory system.
Another merger deal pushed by its largest overseas shareholder that would have robbed the shareholders of at least Rs 10,000 crore come up.
The 30-share Sensex ended 148.53 points or 0.25 per cent higher at 60,284.31 on Tuesday. Nifty rose 46 points or 0.26 per cent to its fresh closing peak of 17,991.95.
In the continuing battle between the promoter family and Invesco, ZEEL said its Managing Director and CEO Punit Goenka has informed its board about a proposal made by Invesco about the merger.
The latest developments ripped to shreds Invesco’s claim that it had been driven by a well-intentioned desire to remove Goenka as MD and CEO of the company