Invesco's Opposition To Proposed Merger With Sony Is Hypocritical, Says Zee

Zee on October 12 stated that Invesco's objection to a merger agreement of TV network with Sony's-India-subsidiary is hypocritical given US-investment company promoted a similar transaction earlier this year. Invesco attempted to merge the company with "certain entities owned by a large Indian group," in February allowing Zee CEO Punit Goenka to lead the amalgamated-organisation. Invesco, which earlier acknowledged Goenka's reputation, is now pushing for his removal and board reorganisation.