ZEE Entertainment institutional investors seek removal of MD Punit Goenka; call for EGM today : Rashtra News Punit Goenka is the son of Essel Group Chairman Emeritus Subhash Chandra. (Image: REUTERS)Zee Entertainment Enterprises (ZEE) major institutional investors Invesco Developing Markets Fund and its subsidiary OFI Global China Fund LLC have called for the removal of Managing
Any resolution passed at the extraordinary general meeting will be put on hold until the Bombay High Court decides on the legality of Invesco s request for such a meeting
Earlier, the Zee board had rejected the request of shareholders, Invesco and OFI Global China Fund to arrange for an EGM terming the requisition as ‘invalid and illegal’