Invesco slashes Swiggy’s valuation to $5.5 bn
The investor valued Swiggy shares at $3,305 as of January 31, 2023, way less than $4,759 in October 2022
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Invesco sells entire stake in ZEEL for ₹1,004 cr; stock rises 2%
Invesco offloaded 5.11% stake in ZEEL at an average price of ₹204.50 apiece, which was acquired by Goldman Sachs Singapore, Morgan Stanley Asia Singapore, and Segantii India Mauritius.
Invesco to sell 5.51% stake in Zee Entertainment; share jumps 6%
Invesco to pare half of its stake in ZEEL, which currently stands at 10.14%, that could fetch the investor as much as $169.5 million (around ₹1,300 crore).
Zee Entertainment jumps 17% as Invesco withdraws EGM request
Invesco, which is Zee's largest shareholder, had called for an EGM to oust MD & CEO Punit Goenka last year.
Swiggy lands $700 million funding as rival Zomato sinks to record low
The fundraising makes Swiggy the latest company to join the 'decacorn club'.
How ZEE’s Punit Goenka bailed out of an imminent ouster
Apart from Sony, ZEE was also in talks with Reliance for a strategic investment deal
Zee, Sony sign merger deal; Punit Goenka to lead new entity
The combined company will include 75 TV channels, two film studios, two video streaming services, and a digital content studio.
Theories fly thick and fast: Who is orchestrating the Zee drama?
Theories being floated include incitement by a leading Indian conglomerate; global media baron firing from Invesco’s arms and a China angle—all suggesting attempts on to ruin the Sony-ZEE merger plan.
