Business News
Home > Business News
More twist to Zee boardroom drama: ZEEL board rejects Invesco demand for EGM
TIWN
TIWN
PHOTO : TIWN
Mumbai, Oct 1 (TIWN) In yet another twist to the battle between Invesco Developing Markets Fund and OFI Global China Fund LLC and Zee Entertainment Enterprises Ltd's existing management, the ZEEL Board has rejected the overseas shareholders demand to convene the Extraordinary General Meeting terming their requisition invalid and illegal.
"This has reference to the requisition notice received by the Board of Zee Entertainment Enterprises Ltd., from Invesco Developing Markets Funds and OFI Global China Fund, LLC. The Board, comprising experienced professionals deliberated and discussed various legal and statutory implications of the requisition notice," ZEEL said in a statement.
Add your Comment
Comments (0)
More Business News
- Indian tech leaders stand behind Ola's Bhavish in his fight against Microsoft & LinkedIn
- How volatility hit the Indian markets in last three elections
- Dell discloses data breach of some customers’ names, physical addresses
- India on the cusp of becoming a global tech powerhouse: Industry leaders
- Air India Express row: 85 flights cancelled as cabin crew members continue strike