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.