Report on ZEEL EGM is misleading, check facts from official statement here

The development has come after ZEEL has recently announced its mega-merger with Sony Pictures Networks India.

New Delhi: A media report titled "Zee Battle: NCLT sides with Invesco, rules board must call EGM" is slightly misleading, and lacks a few facts, according to a report by ZeeBusiness. 

As of now, NCLT has not passed any order related to ZEEL’s meeting, which is mentioned in the article. 

In its official statement on NCLT hearing, ZEEL said, "The Board of the Company is scheduled to meet as per the statutory time allotted, in relation to the matter. The Company will continue to take all the actions needed in the interest of the shareholders and as per law.”