Invesco likely to move court if Zee Entertainment fails to call EGM

Zee Entertainment Enterprises and its largest shareholder, Invesco Fund, are headed for a showdown with Invesco insisting the board hold the extraordinary general meeting (EGM) before going ahead with its merger deal with Sony’s India unit.
 
ZEEL board has three weeks to call the EGM. If it fails to do so, Invesco can call the meetings within six months. Legal experts said with both camps rigid on their positions, it might lead to a legal battle.
 
In a letter dated September 23, Invesco and Oppenheimer Funds asked ZEEL to adhere to its fiduciary duties and not violate its