Yes Bank asks Dish Tv to call EGM to reconstitute the board

Yes Bank, the largest shareholder of Dish TV India Ltd. has asked the satellite television to hold an extraordinary general meeting (EGM) of shareholders and act on its recommendations to reconstitute the company’s board.

Yes Bank Ltd. is an Indian private sector bank and was founded by Rana Kapoor and Ashok Kapur in 2004. Yes Bank holds 47.19 crore equity shares of the company, representing 25.63% of the company.

The Essel group Direct-to-Home service provider had week sought an extension citing time required for any change in the CEO or the board of directors of the company, as it needs the approval of the Ministry of Information and Broadcasting.

Dish Tv postponed the annual general meeting on September 27. According to Yes Bank, the extension is based on “unfounded reasons” and Dish Tv is engaging in “dilatory tactics” in placing the resolutions to remove its Managing Director Jawahar Goel along with four other directors.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close