Bombay High Court asks ZEE to call EGM as sought by Invesco

The Bombay High Court on Thursday asked Zee Entertainment Enterprises (Zee) to convene an extraordinary general meeting (EGM), as requisitioned by its single largest investor Invesco Developing Markets Fund.

However, the court added that the results of the EGM be kept in “abeyance” till it decides on the legality of the requisition. Further, the EGM should be chaired by a competent person such as a retired high court judge, a senior counsel or someone from the corporate world, the order stated.