India's Reliance Industries held talks with Zee on possible tie-up, reveals Invesco

ZEEL CEO Punit Goenka. Photo: Mint

Invesco said on Wednesday that it facilitated talks between India’s Reliance Industries and Zee Entertainment earlier this year on a possible tie-up, revealing for the first time that India’s richest man, Mukesh Ambani, was interested in the television giant.

But the U.S. investment firm rejected allegations from Zee that it was resorting to double standards by objecting to a potential merger with Sony Group’s India unit with terms similar to those discussed with Reliance.

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