FILE PHOTO: Punit Goenka, CEO and managing director of Zee Entertainment Enterprises, attends a news conference before the Zee Cine Awards in Macau January 21, 2012. REUTERS/Bobby Yip/File Photo
NEW DELHI (Reuters) -An Indian court on Tuesday temporarily restrained Zee Entertainment Enterprises' top investor Invesco from calling a shareholder meeting, in a win for the TV network that sent its shares higher.
U.S. investment firm Invesco, which owns nearly 18% of Zee via two funds, wanted an extraordinary general meeting (EGM) of shareholders in a bid to oust the Indian company's CEO Punit Goenka and suggested that six new independent board members be appointed.
