Recently there has been a lot of tussle going on in between Zee Entertainment and Invesco (it’s largest shareholder with 17.88% stake). It started with Invesco requesting for an EGM to seek a major management reshuffle in mid September 2021, effectively taking the company out of promoter’s control. As Zee chose to ignore the request, … Read more
The move is reasoned as due to the failure by Zee to call for EGM as requested by Invesco – to remove Puneet Goenka and appoint 6 new independent directors proposed by Invesco. It’s difficult to defend the decision because – As per regulations, Zee still has time till October 3, 2021 to call for … Read more
Zee today announced that it’s board has given an in principle approval for the merger of Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI). Rumours of talks between ZEEL and SPNI have been happening since 2019 but guess Covid delayed the process. Key points to note – Approval has been given to … Read more
Facebook’s impact on a planet where nearly half the people alive use its product has reportedly become a point of contention among the company’s leadership. A meeting of Facebook leaders in early September focused on “whether Facebook has gotten too big,” and that the general tone was, “We created the machine and we can’t control … Read more
Digital marketing company, Brightcom’s stock is locked at upper circuit today after it appointed Peshwa Acharya as President Group Strategy. Key point to note – Mr Acharya has more than 3 decades of experience across FMCG (CPG), Retail, Telecom, Technology, E-commerce, Hospitality and Education domains. He has worked with many companies of varied repute in … Read more
The Company informed exchanges of having receipt a letter from shareholders owning 17.88% of the Company – Invesco Developing Market Fund and OFI Global China Fund LLC. The letter sought for calling an Extraordinary General Meeting (EGM) proposing some significant management changes – Removal of Mr Puneet Goenka – the Promoter Managing Director Removal of … Read more
4th note in the series… the last one for calendar year 2019 !