Yes Bank keen to oust current Dish TV board

[Zeta Reticuli]

Dish TV halves its debt in FY22, Pays ₹434.3 crore of debt, according to annual report,

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[Zeta Reticuli]

SC rejects World Crest plea against Bombay HC order allowing Yes Bank to vote at DishTV EGM.

https://www.financialexpress.com/industry/sc-rejects-world-crest-plea-against-bombay-hc-order-allowing-yes-bank-to-vote-at-dishtv-egm/2664552/

 

[Prasad06]

Yes Bank has moved the Bombay High Court seeking directions for the satellite TV provider to hold its extraordinary general meeting (EGM) soon. The next hearing is scheduled for October 3 and in the meantime, Dish TV has been asked to file a response to the petition.

Yes Bank had approached the Mumbai bench of the National Company Law Tribunal (NCLT) in November 2021 asking for scheduling of Dish TV EGM. But so far there has been no response from the NCLT special court. Thus, the bank approached the high court.

https://www.moneycontrol.com/news/b...tition-next-hearing-on-october-3-9204981.html

Mod Note: Do not share just article links without any excerpt or summary.

 

[Prasad06]

Dish TV, a direct-to-home (DTH) player, which is part of the Essel Group, rejected four of the six resolutions at the company's annual general meeting held on Monday.
Dish TV shareholders reject 4 resolutions at AGM, board strength down to 2

 

[Prasad06]

Dish TV India Ltd on Tuesday alleged that Yes Bank indulged in ‘forum shopping’ by filing a writ petition before the Bombay high court.
https://www.google.co.in/amp/s/www....-dish-tv/amp-11664904366140.html?espv=1#ampf=

 

[Zeta Reticuli]

Bombay High Court asks NCLT to expeditiously hear Yes Bank's plea on Dish TV EGM,

https://www.moneycontrol.com/news/business/bombay-high-court-asks-nclt-to-expeditiously-hear-yes-banks-plea-on-dish-tv-egm-9294251.html

 

[Zeta Reticuli]

Seasoned investors pick stake in Dish TV

Top investors are betting on Dish TV India Ltd after chairman Jawahar Goel stepped down from the board.

www.livemint.com

 

[stiwari]

Seasoned investors pick stake in Dish TV

Top investors are betting on Dish TV India Ltd after chairman Jawahar Goel stepped down from the board.

www.livemint.com

That means Airtel has no interest now in DishTV

 

[Zeta Reticuli]

That means Airtel has no interest now in DishTV

If airtel want dishtv then they can easily purchase 51% above in majority shares,
Even yes bank's 25% share also they can purchase...

These all things depends on Airtel,
Present Airtel busy in 5G sector so dishtv matter lite,

My final conclusion "101% sure dishtv will sale their business to other Pvt Ltd no doubt it's clear,

But it will take time.

 

[avipersistent]

If airtel want dishtv then they can easily purchase 51% above in majority shares,
Even yes bank's 25% share also they can purchase...

These all things depends on Airtel,
Present Airtel busy in 5G sector so dishtv matter lite,

My final conclusion "101% sure dishtv will sale their business to other Pvt Ltd no doubt it's clear,

But it will take time.

I dont think the sale will happen. Dishtv should exist as a standalone and need certain improvements in future like adding channels on D2h.With respect to SD channels its leading in most genres but needs to add certain HD channels. As the investors show interest with proper strategic decisions it can do wonders to both itself and D2h,