The whole market greeted the mammoth merger between ZEE Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI) with open arms final week, however Invesco stays adamant about altering the ZEEL Board of Directors.
Invesco lacks each a great proposal and related skilled expertise in the leisure trade. The essential query here’s what Invesco’s objective is with this transfer. The ZEEL board of administrators has a who’s who of the leisure world, however Invesco lacks a big determine with important expertise in the media and leisure sector. As a results of Invesco’s plan, points have arisen.
Let’s take a look at proposed Board by Invesco and the expertise that proposed members have:-
– No prior expertise in mediaÂ
– Limited expertise in listed firm; as now in HFCL board
– 3 years expertise in Bharat Electronics Board
– Is telecom sector expertise is sufficient for ZEEL?
– Was unbiased director in Jindal Steel for 2 yearsÂ
– No reappointment after first tenureÂ
– As of now, unbiased director in Welspun enterprises
– Controversy erupted on presentation of Commonwealth Games whereas holding DG Doordarshan submit
– Private firm probed manufacturing, presentation
– Shunglu Committee alleged that she benefitted non-public companiesÂ
– Rs 135 cr loss to authorities alleged
– IPC, PCA motion was proposed
– ED probed FEMA violation; guardian cadre was despatched
Naina Krishnamurthy
– Limited expertise with respect to listed firm
-No expertise of media and leisure
Rohan DhamijaÂ
– No expertise of board in any listed firm
-By and huge, holds expertise in Analysys Mason as Managing Partner
– No expertise of media and leisure
Srinivasa Rao Addepalli
– No main expertise besides Tata Group; board member nowhere
-Tata is an investor in his edutech startup Global Gyan
– Ratan Tata is angel investor in Global Gyan
-No readability to this point on funding quantity by Ratan Tata
-Most of the initiatives held by Global Gyan are from Tata Group
-Many employees members of Tata are in advisory function, and school member function
Gaurav Mehta
– Associated with Raine Advisors India Pvt. Ltd
-No expertise in listed firm
– He is on board of firm which is registered as broker-dealer in US SEC
Zee Business raises some tough questions for Invesco:-
– Where is the media, trade, digital and tech expertise of Invesco proposed board members?
– Where is the expertise of merger, acquisitions, approval?
– How did invesco get proper to seize 6 seats in Board with out having 18% share?Â
– Why is Invesco forgetting that it’s a monetary investor, not strategic investor?
– If Invesco has no stable plan, then why it desires to interrupt the mega merger deal of ZEEL-Sony?
– Do overseas traders like Invesco need to destabilise a longtime Indian model?
#mute
