Invesco challenges Bombay High Court order in ZEE matter

Invesco, the largest shareholder in Zee Entertainment Enterprises NSE 3.08 % (ZEE), has approached a division bench of the Bombay High Court, challenging the injunction order passed by a single-judge bench in a petition filed by the entertainment company against the investor.

The October 26 injunction order had restrained the overseas investor from taking any action or step with regards to its requisition notice to ZEE, including calling or holding an extraordinary general meeting (EGM) for the removal of managing director and chief executive Punit Goenka.