Twists in Sony-ZEE Merger saga; Invesco stands firm over removal of Punit Goenka

Invesco, the largest investor Zee Entertainment Enterprises NSE -2.59 % (ZEE), reiterated its call for an extraordinary general meeting (EGM) to discuss the ouster of three directors and the inclusion of six independent board members, signalling that the tussle for control continues. This follows the announcement by the ZEE management of a plan to merge with Sony Pictures Networks India (SPN) that will see the latter take majority control while leaving MD and CEO Punit Goenka in charge.