Zee had sought an injunction against Invesco from taking any action or steps in furtherance of the requisition notice including calling and holding an EGM
Goenka also claimed that Invesco is not acting in the interest of ZEE and the public shareholders at large by opposing the ZEE-Sony merger
Zee has filed the petition in Bombay High Court opposing the call for an Extraordinary General Meeting made by its shareholders Invesco and OFI
I truly hope that this will be my first and last communication on this matter so that we can focus on our value-creation journey at ZEE, writes Goenka
The offer was turned down by Zee's Managing Director and Chief Executive Officer Punit Goenka as he felt the merging entities of the strategic group were over-valued
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