I will not let Invesco take over Zee illegally, says Subhash Chandra

Founder and Chairman Emeritus of Zee Entertainment Enterprises, Subhash Chandra, on Wednesday made it clear that he will fight the takeover attempt by the US-based fund, Invesco, and will not let it make a “clandestine and illegal” takeover of the company.

“I don’t think this takeover by Invesco will ever happen. Let me tell Invesco, that you want a fight, then I will fight back. But I request Invesco to behave like a shareholder and not like an owner,” Chandra said.

In an interview to Zee News, a Zee network channel, Chandra made an emotional appeal to its viewers, and the Indian government not to allow Invesco to take over the company.