ZEE board declines Invesco’s demand for EGM
By
Biju Kumar
The board of Zee Entertainment Enterprises NSE 0.93 % (ZEE) Friday rejected largest investor Invesco’s demand for an extraordinary general meeting (EGM) to remove MD and CEO Punit Goenka.
ZEE said in a disclosure to bourses that it is unable to convene the EGM in the “best interests of the company as a whole, including all its shareholders and stakeholders”.