Invesco Developing Markets Fund renewed its demand for an extraordinary general meeting to replace the board of Zee Entertainment Enterprises Ltd., according to a letter seen by Bloomberg, shrugging off Sony Group Corp.’s attempt to take over India’s biggest private-sector TV network.
In a Sept. 23 letter to Zee’s board, Invesco reiterated its demand for the removal of non-independent directors and sought the introduction of six additional independent ones. Earlier this month, Invesco had asked for an EGM to oust Zee’s Chief Executive Officer Punit Goenka along with two board members.
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September 26, 2021 at 04:55PM
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Invesco Renews Demand for Zee Entertainment Board Reshuffle - Bloomberg
"board" - Google News
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