DTH
Prasar Bharati sells 11 MPEG-4 slots on DD Free Dish
Mumbai : During the recently concluded 5th Annual e-auction of MPEG-4 slots, Prasar Bharati sold 11 slots. The DD Free Dish slots have been sold for a year, from 1 April 2023 to 31 March 2024.
Aastha Bhajan, Aastha Tamil, Bansal News, Chardikla Time TV, MH ONE DIL SE, News 18 UP/UK, News State UP/UK, RT, Sudarshan News, Swadesh News, and Vedic are the 11 channels that have won the slots.
The auction took place on 16 February 2023. All genre channels were invited to bid, with a reserve price of Rs 50 lakh per year.
During the 4th annual/57th e-auction last year, Prasar Bharati earned Rs 15.24 crore from the sale of 12 MPEG-4 slots on DD Free Dish.
DTH Operator
JC Flowers withdraws NCLT plea against Dish TV over EGM demand
Move eases pressure on DTH firm as long-running shareholder dispute cools
MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.
The development was disclosed by Dish TV in a regulatory filing, confirming that the petitioner chose to withdraw the case during a hearing at the Mumbai bench of the tribunal. A detailed order from the bench is still awaited.
The petition, originally filed under Sections 98 to 100 of the Companies Act, 2013, sought to push for an extraordinary general meeting to address governance issues at the company. The case had its roots in a prolonged shareholder tussle dating back to 2021, when Yes Bank, then the largest shareholder, was at odds with the promoter group led by Subhash Chandra over board reconstitution.
JC Flowers had stepped into the picture as an assignee of Yes Bank’s stressed assets, effectively continuing the legal push initiated earlier. The withdrawal now signals a pause, if not a closure, to that chapter of dispute.
While the reasons behind the withdrawal have not been formally detailed, the move reduces immediate legal pressure on Dish TV, which has been navigating both operational and regulatory challenges in recent years.
For now, the focus shifts back to the company’s business fundamentals, even as the legal dust settles, at least temporarily, on one of its more closely watched shareholder battles.
