[ad_1]
MUMBAI: Zee Entertainment Enterprises Ltd has contacted the Bombay High Court to request a statement that a requisition notice sent to it by its major shareholders, Invesco Developing Markets Fund and OFI Global China Fund, “is illegal and invalid.”
The company informed the National Stock Exchange and the ESB of the latest developments on Saturday, a day after a board meeting was called and decided to deny the request for an extraordinary general meeting (EGM) with an order from proposed day which called for the removal of Puneet Goenka as CEO of the company and addition of six new independent directors to reorganize the board of directors.
On Friday, Zee Board said the requisition involved several legal infirmities, including the lack of a prior nod from the I&B Union Department for the CEO’s removal.
The company informed the National Stock Exchange and the ESB of the latest developments on Saturday, a day after a board meeting was called and decided to deny the request for an extraordinary general meeting (EGM) with an order from proposed day which called for the removal of Puneet Goenka as CEO of the company and addition of six new independent directors to reorganize the board of directors.
On Friday, Zee Board said the requisition involved several legal infirmities, including the lack of a prior nod from the I&B Union Department for the CEO’s removal.
[ad_2]
Source link