Invesco to remain public shareholder only: Punit Goenka, Zee Ent
  • WebDesk BTVI
  • Aug 01 2019

Punit Goenka, CEo of Zee Entertainment, talks about the company’s stake sale deal with Invesco Oppenheimer. He says Invesco will remain a public shareholder without any rights in management and board. He says the deal has been at a premium to the depressed market rate and adds that the management will speak with all the lenders having pledges. He says the priority is on selling non-core, non-media assets first to pay off the debt.