Yes Bank keen to oust current Dish TV board

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Dish TV fires fresh salvo against YES Bank Writes to SEBI accusing the bank of violating the takeover regulations by not announcing an open offer Market

 
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Yes Bank Ltd has filed a petition in a Mumbai company court against the family promoters of Dish TV India Ltd saying it fears that a lawsuit could be brought against the bank, limiting it from voting at Dish TV’s annual general meeting (AGM) on 30 December.

 
SEBI drops case against Dish TV's promoter

Markets regulator SEBI has disposed of a case of alleged insider trading against Dish TV India’s corporate promoter Direct Media Distribution Ventures Pvt Ltd.

It was alleged that it had violated provisions of prohibition of insider trading norms, as per an order passed on Tuesday. It was alleged that the promoter sold 21.4 lakh shares of Dish TV through market transactions while in possession of UPSI. However, SEBI noted that "the trading pattern of the Noticee, … does not lead to the conclusion that Noticee’s trades in the scrip of DTIL on January 29, 2019 were induced by the UPSI.”

 
The Bombay high court on Thursday refused to grant relief to a promoter entity of Dish TV India Ltd, which questioned the legal validity of Yes Bank’s shares in the satellite-TV provider and wanted the court to debar the company’s top shareholder from voting at its 30 December annual meeting.
 
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