Big win for Dish TV! Proxy advisory firm InGovern advises investors to support Dish TV AGM proposals
Zee News
Yes Bank is attempting to take control of Dish TV's board of directors, according to Dish TV, by proposing a shareholder EGM to make changes to the board. However, till recently, it has not made any open offer in this area.
New Delhi: In a big win for Dish TV in the Yes Bank matter, proxy advisory firm InGovern has advised investors to support Dish TV AGM proposals.
"We note that these proposals are coming up for shareholder vote in the background of an ongoing dispute between the company and two sets of shareholders – the promoters and Yes Bank, as the largest shareholder. The legal battle is being fought in various forums: at the NCLT, the High Courts and the Supreme Court," In the note titled 'VOTE RECOMMENDATIONS FOR 2021 ANNUAL GENERAL MEETING InGovern said.
The note adds, "On December 23, 2021, the company put out a statement that the Bombay High Court rejected the ad-interim prayers of the Plaintiff. However, the Court directed that the result of the proposed Annual General Meeting of the Company to be held on December 30, 2021, shall be subject to the outcome of the final hearing of the Interim Application filed by the Plaintiff in the Suit. The matter has been adjourned to February 3, 2022."
