Zee Ent rallies 6% after it wins court verdict against Invesco

NEW DELHI: Shares of ZEE Entertainment NSE -3.23 % climbed over 6 per cent in Tuesday’s trade after the media firm won a court verdict in Invesco case.

As per ET NOW, the Bombay High Court has granted an injunction to ZEE in its appeal to not call EGM.

Zee Entertainment Enterprises had said that it will not be able to call an extraordinary general meeting of shareholders as it would be ‘illegal’. Invesco, on the other hand, had said that the ZEE board was bound by the company act to hold the meeting. It said that ZEE was assuming a power which they did not hold.