Zee moves Bombay High Court against Invesco’s demand for EGM

A day after refusing to convene an EGM based on the demand of its top investor Invesco, Zee Entertainment on Saturday moved Bombay High Court requesting the demand to be deemed as “illegal and invalid”.

“This is to inform you that the Company has filed a suit before Bombay High Court under the ordinary original civil jurisdiction (Civil Suit), inter alia requesting the Bombay High Court to declare that the requisition notice sent to the Company by Invesco Developing Markets Fund and OFI Global China Fund LLC (shareholders of the Company) is illegal and invalid,” the company said in a stock exchange filing.