Zee Entertainment shares hit 10% upper circuit:


Zee Entertainment Enterprises share price opened higher by 10 percent hitting upper circuit of Rs 205.45 on BSE as the company’s largest shareholders called an EGM seeking removal of Puneet Goenka from the board.

Zee Entertainment’s (ZEE’s) largest shareholders, Invesco Developing Markets Fund and OFI Global China Fund LLC, which together hold 17.88 percent of the total paid-up share capital of the company, in a letter on September 11, called an extraordinary general meeting (EGM) seeking removal of Punit Goenka, Manish Chokhani and Ashok Kurien as Directors of the firm, the company said in a regulatory filing on September 13.

News Source:- Moneycontrol

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