Intricacies & Implications of Zee-Invesco Tussle

Episode Duration:
60 minutes

Episode Background:
The recent Zee Entertainment Enterprises Ltd. merger deal with Sony Pictures Network India Pvt. Ltd. created quite a buzz when both companies received an in-principle approval for merger of their linear networks, digital assets, production operations and program libraries. However, the deal landed in limbo, when Zee’s single largest foreign investor - Invesco Developing Markets Fund, which holds 17.88% stake in Zee requisitioned an EGM, seeking ouster of the media giant’s MD & CEO Mr. Punit Goenka, as also for reconstitution of the Board by appointing six new independent directors named by it. Although a Single Judge Bench of the Bombay High Court has granted an injunction in favour of Zee, restraining Invesco from calling the EGM, the overall turn of events brings to the fore various corporate governance issues that require scrutiny from a legal standpoint.

What shall the episode cover?
Given this backdrop, Taxsutra’s Corporate Laws Portal ‘Lawstreetindia.com’, in association with Legasis Private Limited and Legasis Partners, Advocates & Solicitors, is delighted to present to you a special episode on “Intricacies and Implications of the Zee-Invesco Tussle”. In this episode, Mr. Suhas Tuljapurkar (Founder Director, Legasis Services and Managing Partner, Legasis Partners) has deliberated on the following:

Key Highlights:

1. Rights of shareholders in a company;
2. Importance of adhering to regulatory compliances in merger deals;
3. Principles of good corporate governance;
4. Critical features of Board responsibilities towards shareholders; and
5. Current trends and issues in merger deals and ethical corporate governance practices.