Shares of Essel Group companies have been in the limelight over the last two trading sessions as the top shareholders of the company sought to revamp board composition.
The two biggest shareholders -- Invesco Developing Markets Fund and OFI Global China Fund LLC -- called for an extraordinary shareholders’ meeting to remove Punit Goenka as director of Zee Entertainment. Additionally, they have sought the appointment of six independent directors on the board.
However, the AGM on Tuesday did not discuss the notice sent by its largest shareholder to oust Goenka nor did the chairman discuss allegations of corporate governance lapses