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#DeshKaZee: DNA Exclusive - Subhash Chandra speaks on ZEEL-Sony merger, Invesco`s intent
Read and watch all about Dr Subhash Chandra`s first reaction on Zeel- Invesco issue on Zee News
Highlights
- Subhash Chandra, Zee Group founder, has posed some tough questions to Invesco
- It seems Invesco is working on someone's behest - fingers point to China
- Some media reports have falsely cited Invesco's version to take on ZEEL MD & CEO Punit Goenka, but in vain
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"I know you (the viewers) have got my back. I assure you, if you are with us, we will not let a foreign company take over. This company is not a personal property of anyone. It belongs to the people."
"We have made mistakes along the way. And I have paid for it. I was even shown black badges, offered garland of shoes. But I have welcomed the crictisim positively. This is the first time I have appeared before the public. Zee Board is capable on their own to handle the issue. There is definitely someone in India who is backing Invesco. I do not want to make a guess on that."
"We have made mistakes along the way. And I have paid for it. I was even shown black badges, offered garland of shoes. But I have welcomed the crictisim positively."
Getting emotional, Subhash Chandra said, "It was destiny. It was just meant to be. And that’s how Zee happened. People gave Zee meaning. Even I could not repeat the feat today, even if I wanted to."
I trust people of this country will not let Zee down.
Though Sony is also a foreign company (Japanese), they have offered a good deal. They have agreed to let Punit Goenka lead for the next five years. Their intent is good.
If you want to takeover, offer 75% to the shareholders. We will welcome that. But don’t try to do it by illegal means. It will not happen. The law of this country will not let it happen.
I don’t think the takeover will happen. Won't let illegal takeover.
There are several programmes running on OTT. Families can’t watch them together. Only Zee network provides content which everyone can watch with their families.
Invesco deals in dollars, we deal in Rupees. They have money and power. This is a clearcut case of company takeover in a clandestine manner, which is not legal. Yes Invesco is 18% shareholder, but not owner. The law of the land should not allow this to happen.
Someone in Invesco is indulging in wrong practice. This is not the same Invesco which it once was. May be there is a Chinese connectiomn to it. Experts are saying what they are doing is illegal. They could be indulging in insider trading.
They (Invesco) are trying to take control of the company by exploiting legal loopholes.
There are six directors and seventh one is the Punit Goenka, says Dr Subhash Chandra
Invesco is not the owner, 2.5 lakh shareholders are the real owner of ZEEL, 90 crore Indian viewers are the real owners of the Group. A mammoth organization like ZEEL cannot be run by Invesco.
Threats like these (from foreign entity) have come before as well. Zee was launched at a time when there was only Doordarshan in India. They had their limitations being the public broadcasters. So there was a gap to be filled, which ZEE did.
Behave like a shareholder, not like an owner – Subhash Chandra’s message for Invesco
A channel-like Zee TV can not be created by spending even Rs 10 lakh crore, says Dr Subhash Chandra
Dr Subhash Chandra, Zee Group founder, has posed some tough questions to Invesco, who is believed to be acting at someone's behest - and all fingers point to China!
For the past few days, especially after the mega-merger announcement between ZEE Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI), some media houses have been publishing baseless and hollow reports to fight a losing battle against ZEEL, and especially against Punit Goenka, who will continue as the Managing Director (MD) and Chief Executive Officer (CEO) of ZEEL.
Some media reports have falsely cited Invesco's version to take on ZEEL MD & CEO Punit Goenka, but in vain. In today's (October 6) DNA Exclusive, Dr Subhash Chandra will be addressing the issue.
Follow Dr Subhash Chandra's first reaction on Zeel- Invesco issue on Zee News.