View: India is no place for US-style investor activism

Aggressive, no-holds-barred shareholder activism has met with plenty of cultural resistance in Asia, most notably in Japan and South Korea. Now, it’s India’s turn to curb American investors’ enthusiasm.

Or so it would seem from the latest twist in the fight over Zee Entertainment Ltd., the country’s largest publicly traded television network. “Sometimes, it happens that a company must be saved from its own shareholders, however well-intentioned,” said Justice G.S. Patel of the Bombay High Court, temporarily restraining Atlanta-based Invesco Developing Markets Fund from calling an investors meeting to oust the board.