Mumbai: Zee Entertainment Enterprises Ltd has approached the Bombay High Court to find a declaration that the notification of requests sent to the top shareholders, the market funds for developing Investco & Ofi Global China, “is illegal and invalid”.
The company told the National Stock Exchange and BSE from the latest developments on Saturday, the day after holding a council meeting and decided to refuse a request for an extraordinary general meeting (EGM) with the proposed agenda looking for the removal of Goenka Puneet.
Company CEO and adding six new independent directors to improve the board.
On Friday, the Zee Council said the request had several legal weaknesses, one of which was the lack of previous nods from the I & B Ministry for the elimination of the CEO.
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