EP1280 - Another twist in Zee boardroom battle | India Development Debate 02 OCTOBER 2021 12:01 IST | ET NOW | 10 MIN 15 SEC
With Zee snubbing its largest investor Invesco's demand to hold an EGM, the fight between the two seems to be getting uglier. Zee Entertainment expressed an "inability to convene" an EGM on lines requested by its investors. The company concluded that the EGM requisition by Invesco is not valid as it suffers from multiple legal infirmities. This latest turn of events comes after Invesco moved NCLT against Zee, with the tribunal, on 30th September, directing Zee to consider holding an EGM. Where is the boardroom battle headed? Watch the India Development Debate as Tamanna Inamdar, Senior Editor, ET NOW breaks down the saga with J.N Gupta, Founder & MD, SES & Former ED, SEBI.