ZEE-Sony merger in limbo as Invesco digs in with EGM demand. What’s next?

NEW DELHI: Invesco, ZEE Entertainment’s largest shareholder, is not in a mood to back off from its demand for an extraordinary general meeting (EGM) for a recast of the board, including the ouster of MD & CEO Puneet Goenka.

ZEE last week said Goenka’s appointment is an ‘integral part’ of the merger deal with Sony Pictures.