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Zee vs Invesco: The Hurt Caused To Shareholder Activism
In the battle between Zee and Invesco, shareholder activism has lost.
03 Nov 2021, 08:16 AM IST
In a decision that’s unlikely to bode well for shareholder activism in India, the Bombay High Court last week injuncted Invesco Developing Markets Fund from acting upon its requisition for an extraordinary general meeting of Zee Entertainment Enterprises Ltd.’s shareholders.Zee had approached the high court with three asks:Declare that Invesco’s requisition is illegal, ultra vires, invalid, bad in law and incapable of implementation....
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