#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

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.

06 October 2021

21:44 IST

#DeshKaZee : Watch your favourite #DNA show LIVE with @sudhirchaudhary@subhashchandra https://t.co/RGXkFfmXPt

— Zee News English (@ZeeNewsEnglish) October 6, 2021

21:42 IST

"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."

21:40 IST

"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."

21:35 IST

"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."

21:33 IST

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."

21:32 IST

I trust people of this country will not let Zee down.

21:31 IST

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.

21:28 IST

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.

21:25 IST

I don’t think the takeover will happen. Won't let illegal takeover.

21:24 IST

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.

21:22 IST

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.

21:19 IST

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. 

21:19 IST

They (Invesco) are trying to take control of the company by exploiting legal loopholes.

21:17 IST

There are six directors and seventh one is the Punit Goenka, says Dr Subhash Chandra

21:17 IST

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.

21:16 IST

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.

21:14 IST

Behave like a shareholder, not like an owner – Subhash Chandra’s message for Invesco

21:14 IST

A channel-like Zee TV can not be created by spending even Rs 10 lakh crore, says Dr Subhash Chandra

20:52 IST

.@subhashchandra speaks first time on ZEEL-INVESCO ISSUE #DeshKaZee पर ट्वीट कीजिए

Watch #DNA रात 9 बजे @sudhirchaudhary के साथ pic.twitter.com/hygBsRPX8X

— Zee News (@ZeeNews) October 6, 2021