Comments
The Bombay High Court granted an injunction in favour of Zee Entertainment Enterprises on Tuesday. This will give the media entertainment entity relief from the bitter boardroom battle it was fighting against Invesco, who sought the removal of promoter and MD Punit Goenka.
The American Investment fund, Invesco, took Zee to court last month in order to compel Zee to hold an extraordinary general meeting to vote on removal of Goenka from the court. After a month-long battle, Bombay High Court has restrained Invesco from pursuing the EGM.
Related Stories
Invesco trying to sabotage deal with Sony: Punit Goenka
Says fund not acting in the interest of Zee, shareholdersRelated Stories
In relief for Invesco, HC asks Zee to conduct EGM
Zee also told to appoint neutral chair for the voting processRelated Stories
SEBI examining Invesco’s role in proposing RIL-Zee deal
Zee writes to SEBI highlighting regulatory issues that need to be investigated
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.