Rajeev Sangoi News Today

Minority investors of Dish TV India have called for an investigation into alleged fund diversion by Zee Entertainment Enterprises, a sister company of Dish TV. The investors, who own a combined 10.15% stake, have demanded a special shareholder meeting and expressed disappointment in the companys directors for failing to ensure strong corporate governance. Dish TVs minority investors include IndusInd Bank, Aditya Birla Sun Life Flexi Cap Fund, and Phoenix ARC. This comes after Yes Bank expressed ...

The investors said the move raises suspicion that the Dish TV board is deliberately ignoring the recommendations of its largest shareholder JC Flowers Asset Reconstruction Co.