Dish TV India

Direct-to-Home operator Dish TV on Friday announced the appointment of former bureaucrat Zohra Chatterji as its independent Director. Besides, it has also sent four names to the Ministry of Information and Broadcasting to obtain its prior approval for placing them on the board as directors, as required under the Up-linking Guidelines. This is the first appointment after March 3, when the shareholders of Dish TV rejected special resolutions seeking their approval for the appointment of four new independent directors. The persons are - Rajesh Sahni, Virender Tagra, Girish Srikrishna Paranjpe and Arvind Nachaya Mapangada. Chatterji, who belongs to the 1979 Batch of the IAS of Uttar Pradesh Cadre, retired as Secretary of the Ministry of Textiles in 2014. Dish TV's largest shareholder Yes Bank Ltd (YBL) and the promoter family led by its former chairman Jawahar Lal Goel are engaged in a legal battle over the board representation. After being voted out, Dish Tv's four independent direc

Adoption of FY21 and FY22 financial statements and new statutory auditors not accepted at AGM

Yes Bank, which holds 25% in Dish TV, has been pushing for a board revamp, including removal of Goel, Narang and others

The stock touched an intra-day high of Rs 14.46 apiece on the BSE, closing trade at Rs 14.24 a share, up 19 per cent over the previous day's close

As of now, YES Bank owns 24.7 per cent stake in Dish TV while the former promoters own 5.9 per cent stake

Rejection of resolutions on remunerations rises; investors becoming more discerning, say experts

Goel's ouster from Dish TV board will require another resolution

Appointment of R C Venkateish as independent director also turned down; proxy advisory firm says company will have to appoint interim CEO

A bench led by Justice GS Patel and Justice MJ Jamdar said World Crest Advisors, Dish TV promoter group entity, had not made any case in its plea against YES Bank, and was dismissing the appeal

Direct-to-home firm Dish TV India reported widening of its consolidated net loss to Rs 2,031.99 cr for Q4 Direct-to-home firm Dish TV India reported widening of its consolidated net loss to Rs 2,031.9

Adani Group stocks may be in limelight after both Adani Enterprises and Adani Wilmar reported earnings for the December quarter.

The company had reported a net profit of Rs 86.41 crore in the October-December quarter a year ago, Dish TV said in a BSE filing

TCS likely to be in limelight ahead of Q3 results, share buyback plan; Airline shares may also be in focus amid slump in demand.

Hindustan Unilever and the FMCG pack will be in focus as distributors in Maharashtra plan to stop supply HUL products in phases from Jan 1, also rural demand for FMCG has been weak in Dec quarter

Dish TV is facing a notice from Yes Bank to remove its Managing Director Jawahar Goel and four other directors from the board

The rights issue is critical for the survival of the DTH company, its top official said

The stock rallied 10% to Rs 19.70 on the BSE in the intra-day trades on Monday

YES Bank sent a notice to the company to remove the top management, including the managing director Jawahar Lal Goel

Direct-to-home company Dish TV India Ltd on Monday said its board has approved raising up to Rs 1,000 crore through a rights issue in one or more tranches.

Mahindra Holidays & Resorts, Lux Industries, Dish TV India and Borosil rallied more than 10 per cent on the BSE in intra-day trade