Zee chief Punit Goenka questions Invesco’s silence over RIL offer

Zee Entertainment Enterprises on Thursday questioned the silence of its largest investor, Invesco, over the merger deal pitched by the fund in February and its lack of corporate governance while seeking to change the board of the company.

In a letter, Zee Managing Director and Chief Executive Punit Goenka asked why Invesco was silent when it made the extraordinary general meeting requisition about its role as an investment banker. “Does good corporate governance only apply to companies and not their institutional investors? As a law-abiding citizen and a representative of a responsible corporate citizen, I have and repose complete faith in the Indian judicial and regulatory system and, hence, I am most certain that these questions will be answered for all of us,” he said.