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Zee Entertainment cancels board meeting on quarterly results

The media company has been embroiled in a legal dispute regarding a board revamp and management changes with two Invesco-controlled funds

Photo: Reuters
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Photo: Reuters

Reuters
India's Zee Entertainment Enterprises Ltd said on Tuesday its board meeting to consider and approve the firm's financial results for the second quarter has been cancelled due to lack of quorum.

The media company has been embroiled in a legal dispute regarding a board revamp and management changes with two Invesco-controlled funds, which together own nearly 18% of the firm.

The Mumbai-headquartered company was scheduled to hold its board meeting on Wednesday, Oct. 27.

Zee did not immediately respond to an email seeking more details on the lack of quorum but said in its exchange filing that the next date of the meeting

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