Unhappy shareholders boot out Dish TV board, again
₹5,000 crore from Yes Bank in 2016. His inability to service the loans made the lender invoke the nearly 25% shares that were pledged as guarantees.
In December 2022, Yes Bank transferred its shares to JC Flowers Asset Reconstruction Co., which became the largest shareholder with a 24.19% stake in the company. Over the past 33 months, Dish TV has declined to convene a special shareholder meeting while minority investors have booted out 16 directors, including former chief executive Anil Dua and chairman Jawahar Goel.
Last year, Chandra agreed to pay ₹1,500 crore against dues of ₹6,500 crore to JC Flowers to buy back the shares. But Chandra is still to pay back the entire amount to JC Flowers, making the largest shareholder continue to vote against the director appointments.Milestone Alert!
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