Business

Zee Questions Invesco's Motives Looking for Management Shakeup

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Zee has actually questioned Invesco's intentions behind seeking shakeup of its managementMedia corporation Zee stated on Tuesday a push by US investor Invesco for a management shakeup at the media company prior to its planned merger with Japan's Sony Group was not related to any legal governance or business efficiency issues.Invesco, which has an almost 18 per cent stake in Zee, has actually said regards to the prepared Zee-Sony merger gave Zee's founding household a choice to increase their stake to 20 per cent from 4 per cent through techniques the United States company called wholly nontransparent , saying some shareholders would be unjustly rewarded at the cost of others.




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