<p>Invesco on Wednesday denied allegations from India's Zee that the US investment firm pitched a merger with another group that would have hurt shareholder interests before opposing the TV group's potential deal with Japan's Sony Group.</p>.<p><strong>Also read: <a href="www.deccanherald.com/business/zee-questions-motives-of-invesco-over-its-push-for-shakeup-1040111.html" target="_blank">Zee questions motives of Invesco over its push for shakeup</a></strong></p>.<p>Zee on Tuesday said opposition from Invesco, which owns roughly 18 per cent of Zee Entertainment via two funds, to the proposed Zee-Sony merger was hypocritical as it tried to combine the media firm with "certain entities owned by a large Indian group" with terms similar to the Sony deal.</p>.<p>Revealing the group's identity for the first as Reliance Industries, Invesco said the merger talks were between the Mukesh Ambani-run company and Zee CEO Punit Goenka's family. Invesco's role was to "help facilitate that potential transaction and nothing more," it said.</p>.<p><strong>Check out latest DH videos here:</strong></p>
<p>Invesco on Wednesday denied allegations from India's Zee that the US investment firm pitched a merger with another group that would have hurt shareholder interests before opposing the TV group's potential deal with Japan's Sony Group.</p>.<p><strong>Also read: <a href="www.deccanherald.com/business/zee-questions-motives-of-invesco-over-its-push-for-shakeup-1040111.html" target="_blank">Zee questions motives of Invesco over its push for shakeup</a></strong></p>.<p>Zee on Tuesday said opposition from Invesco, which owns roughly 18 per cent of Zee Entertainment via two funds, to the proposed Zee-Sony merger was hypocritical as it tried to combine the media firm with "certain entities owned by a large Indian group" with terms similar to the Sony deal.</p>.<p>Revealing the group's identity for the first as Reliance Industries, Invesco said the merger talks were between the Mukesh Ambani-run company and Zee CEO Punit Goenka's family. Invesco's role was to "help facilitate that potential transaction and nothing more," it said.</p>.<p><strong>Check out latest DH videos here:</strong></p>