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Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed Dish TV India till 15 November to file its response in a petition filed by its majority shareholder Yes Bank.
Yes Bank sought NCLT’s direction to call for an extraordinary general meeting (EGM) of Dish TV India and pass a resolution for the reconstitution of the company’s board.
On 6 September, Yes Bank had sent a requisition notice to Dish TV India’s board to convene a special meeting of the shareholders seeking the removal of its board of directors including managing director Jawaher Lal Goel and independent directors Dr Rashmi Aggarwal, Bhagwan Das Narang, Shankar Agarwal, and Ashok Mathai Kurien
The bank proposed the appointment of a new board including Akash Suri, Sanjay Nambiar, Vijay Bhatt, Haripriya Padmanabhan, Girish Paranjape, Narayan Vasudeo Prabhutendulkar, and Arvind Nachaya Mapangada.
Yes Bank holds a 25.63 per cent stake in the company. It stated that it sought the removal of the present board of directors on the grounds that the board approved a Rs 1000 crore rights issue process despite objections raised by the bank, solely to dilute the shareholding of the bank.
Dish TV India board rejected the EGM notice by Yes Bank stating that a resolution to reconstitute the board can only be placed post receipt of approval from the ministry of information and broadcasting and other requisite approvals for appointment of new directors, within statutory guidelines.
It also postponed its 33rd annual general meeting scheduled on 27 September by two months.
Mumbai: The number of active subscribers with pay DTH operators decreased from 69.86 million at the end of June to 68.89 million by the end of September, according to the latest Telecom Regulatory Authority of India (Trai) data. This is in addition to the subscribers of DTH Free Dish.
Mumbai: Direct-to-home (DTH) service providers Tata Sky and Airtel Digital TV have hiked the prices for new SD and HD set-top-box connections. The gap in prices between traditional STBs and hybrid STBs was reduced considerably.
Mumbai: Rekindling the love for age-agnostic TV classics of the ’80s and ’90s, Tata Sky has launched a new service Tata Sky Classic TV - which promises to take viewers back to the golden era of Indian television. Popular TV and film actor Neena Gupta has been roped in as the face of the promotional...
Mumbai: Tata Sky has launched a new campaign - ‘Ki Darun’ in the West Bengal market to promote its Rs 225 pack. The pack comprises both Bengali and Hindi channels including drama, films, music, kids, news, sports and edutainment channels along with the benefit of on-the-go viewing available through...
Mumbai: Dish TV India’s board of directors has scheduled the 33rd annual general meeting (AGM) for 30 December. The company has extended the timeline for the AGM several times since it was first scheduled to be held on 27 September. It applied for the extension in view of the issues arising out of...
Tata Sky has announced the launch of its latest platform service Tata Sky Romance to offer curated romantic content across Hollywood (dubbed in Hindi), Bollywood, and television to its subscribers. Priced at Rs two per day, the service is completely ad-free and is available for on-the-go viewing on...
The Supreme Court on Tuesday ordered a stay on the criminal proceedings against Yes Bank initiated by Essel group founder Subhash Chandra. The court has granted three weeks to file the counter affidavit.
Harit Nagpal, the MD and CEO of India’s largest Pay TV distributor - Tata Sky is known to be a vocal man. Time and again, he has used several platforms and occasions to bring the industry’s concerns to the notice of the government and regulators.
Headend-in-the-sky (HITS) combined the flexibility and quality of direct-to-home (DTH) services and the reliability and pricing of cable television, said NXT Digital managing director and chief executive officer Vynsley Fernandes on Wednesday. NXT Digital is the only HITS operator in India and...
