Invesco's conduct lacks transparency, says Zee Entertainment

Zee said it is dismayed that in the open letter, Invesco has also cast unsubstantiated aspersions on Zee's management and has made comments in relation to the 'permissive culture' of the Board

The Zee Entertainment Enterprises (ZEEL) highlighted the lack of transparency in Invesco's conduct saying that in its extraordinary general meeting (EGM) requisition notice and in an open letter later, it did not disclose that it was negotiating a deal on behalf of Zee without any authority.  

"It is only after the company's disclosure that Invesco felt the need to reveal the name of the strategic group in a press statement and has further underplayed their role in negotiations of the proposed deal as being merely facilitative," Zee said.

"We believe Invesco should internally consider their own conduct, including its legality under the