New Delhi: The promoter group company has filed an application in the Bombay High Court on the issue of transfer of shares of Dish TV. The company wanted the HC to put on hold any stock transfers till the completion of the hearing.
The company has asked the Bombay High Court to stop any attempt to control Dish TV in its case. Dish TV’s promoter firm JSGG Infra Developers LLP has filed an application.
Request to stay transfer of shares till the completion of hearing.
The company has requested that the share transfer of Dish TV be put on hold till the conclusion of the hearing.
Dish TV had filed a complaint with SEBI against Yes Bank even before filing this application. According to the company’s letter to SEBI, Yes Bank has not published the open bid, which is in violation of the takeover guidelines.
According to Dish TV, Yes Bank is trying to take control of the board of directors of Dish TV by proposing to change the board to a shareholder EGM. However, till recently it has not made any open offer in this area.
The Ministry of Finance, Yes Bank and the Securities and Exchange Board of India (SEBI) have been included as parties to the dispute in an application filed in the Bombay High Court. Exchange, Catalyst Trusteeship and Dish TV have also been added to the list of parties.
The originator trusteeship and Yes Bank have been the subject of investigation. In addition, IDBI trusteeship has been the subject of investigation.
The promoter firm has claimed in its application that Yes Bank is trying to seize control of Dish TV and this should be stopped.
live TV
#Mute
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