InvestorQ : What are the next steps in the stand-off between Yes Bank and Dish TV?
Anamika Sodhani made post

What are the next steps in the stand-off between Yes Bank and Dish TV?

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Angel dcosta answered.
1 month ago
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The immediate question is how many of its directors can Dish TV reappoint in the midst of this standoff. After Yes Bank is the largest shareholder and holds 26% stake in Dish TV. This is restricting Dish from reappointing directors despite tenures coming to an end. According to proxy advisors, this could impact the ability of Dish TV to take on the tactics of Yes Bank, especially pertaining to the removal of Jawahar Goel from the top post at Dish TV.

Goel’s term will expire in March 2022 and the term of the CFO also expires next year. However, the new rules that come into force from January 2021 stipulate that reappointment of directors will have to be stamped by 75% shareholders. That is not going to be practically possible for the Subhash Chandra family since Yes Bank has 26% stake in Dish TV and would block any such move.

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