Why Yes Bank is acting against minority shareholders' interest?

Why Yes Bank is acting against minority shareholders' interest?
© Provided by Zee Business

Yes Bank has moved a proposal to change the board of Dish TV and control the management. But the key question is why it is depriving the rights of open offer to minority shareholders? Another key question is will bank again be allowed to take exemption from open offer? As per regulations, the control itself triggers open offer but so far bank has only called for change and appoint 7 members in the board. But if the lender is trying to change the management, they should have come up with open offer.

WATCH | Click on Zee Business Live TV Streaming Below:

By opposing the rights issue of Yes Bank, lender is again harming the interest of the company and so the investors. If the Rights Issue had been cleared, the company would have received the required capital for growth and investment in new technologies. But it seems the lender is hell bent in hurting the interest of the shareholders of Dish TV. At a time when other D2H companies are investing and expanding their businesses the actions of Yes Bank seem to be going against. If Rights issue was not blocked, minority shareholders could have got the option to subscribe Dish TV shares at Rs 10/share. Key question is can current management take shelter of good image under the umbrella of State Bank of India and play with public monies and rights of minority shareholders?

Can minority shareholders be put on ransom because Yes Bank sanctioned loans to certain entities other than Dish TV and accepted pledge of the shares. Only after such huge pledge in July 2018 by Yes Bank, share prices of Dish TV fell while operating performance of Dish TV has been good. The company has been performing well, paying off debt, fighting competition without access to new capital which could have come through rights issue.

Yes Bank currently holds 25.63% shares of Dish TV. The shareholding increased to 25.63% shares after invoking pledge of 24.13% shares.

News Related

OTHER NEWS

NFL World Reacts To Bengals-Titans Wild Finish

© Provided by The Spun The Cincinnati Bengals and Tennessee Titans in a divisional matchup. If tonight’s matchup between the Cincinnati Bengals and Tennessee Titans is any indication, we have ... Read more »

Budget 2022: Why upcoming financial statement is crucial for two wheeler industry in India for leading to a greener future

© Provided by Firstpost Budget 2022: Why upcoming financial statement is crucial for two wheeler industry in India for leading to a greener future It’s simply impossible to imagine an ... Read more »

Ministerpräsident Söder für Überprüfung der Impfpflicht im Pflegebereich

© WELT / Thomas Laeber Vor der nächsten Bund-Länder-Runde zur Corona-Lage hat sich Bundesgesundheitsminister Lauterbach dafür ausgesprochen, die aktuellen Maßnahmen beizubehalten. „Wir würden Öl ins Feuer gießen und die Welle ... Read more »

The Cincinnati Bengals' blocking cannot be this bad in the AFC Championship game

© Provided by For The Win Joe Burrow rated out among the league’s top quarterbacks in several categories in 2021. Sixth in passing yards. Eighth in passing touchdowns. Second in ... Read more »

Nick Saban is the latest coach to watch Arch Manning's basketball game

© Provided by USA TODAY High School Sports The pursuit for a star quarterback prospect runs deep. When football coaches get the job, they know they’ll be traveling around the ... Read more »

Republic Day full dress rehearsal today: Delhi Police issues traffic advisory, check routes you should avoid

© Provided by Zee News New Delhi: The Delhi Police has issued a traffic advisory in view of the full dress rehearsal for the Republic Day parade on Sunday (January ... Read more »

NFL playoff bracket: Who do the Bengals play next?

© Provided by Fansided The Cincinnati Bengals are going to the AFC Championship Game after beating the Tennessee Titans. For the first time since Boomer Esiason won NFL MVP, the Cincinnati ... Read more »

Fewer Filipinos expect drop in income – survey

© Edd Gumban Fewer Filipinos expect drop in income – survey Amid pandemic MANILA, Philippines — Fewer consumers expect their income to decline in the future due to the pandemic, ... Read more »

June Jones-Hawaii reunion stalls after sides rip each other over negotiations

© Provided by Sporting News It has been anything but a banner last few months for Hawaii’s football program. In December, multiple Rainbow Warrior players made claims to the San Francisco Chronicle of ... Read more »

Britain accuses Kremlin of plotting to install pro-Russian leadership in Ukraine

© Associated Press A convoy of Russian armored vehicles moves along a highway in Crimea, Tuesday, Jan. 18, 2022. Associated Press Britain’s Foreign Office accused Russia on Saturday of plotting ... Read more »

NFC Divisional Playoffs: San Francisco 49ers vs. Green Bay Packers live stream, TV channel, time, how to watch the NFL Playoffs

© Provided by For The Win The San Francisco 49ers will face the Green Bay Packers in the NFC Divisional Playoffs on Saturday night from Lambeau Field. The 49ers are ... Read more »

Identify 10 tasks to be done in the next months, Prime Minister tells District Magistrates

Prime Minister Narendra Modi has called upon district magistrates across the country to target 100% saturation of government services and facilities, emphasising that they adopt a two-year timeline and identify ... Read more »

Rangers looking to improve on their five-on-five play

The halfway point of the season is in the rearview mirror, and now the Rangers have a better understanding of what kind of team they can be. Figuring out their ... Read more »

Chinese provincial officials concealed scores of deaths from flood disaster

© Provided by The Guardian Photograph: AFP/Getty Images Officials in a Chinese province deliberately underreported or concealed 139 deaths from last year’s devastating flood disaster, the country’s central government has ... Read more »

Clippers coach Ty Lue gives praise, thanks to Sixers coach Doc Rivers

© Provided by Sixers Wire Before he became coach of the Philadelphia 76ers in the 2020 offseason, Doc Rivers was coaching the Los Angeles Clippers as he was looking to ... Read more »

Bucks HC Mike Budenholzer defends Grayson Allen for play that led to Alex Caruso's injury

© Benny Sieu-USA TODAY Sports Milwaukee Bucks head coach Mike Budenholzer Bucks coach Mike Budenholzer is defending Grayson Allen after he committed a flagrant two foul Friday night that caused Bulls guard Alex ... Read more »

WATCH: Soaring Alley-oop from stashed Celtics guard Yam Madar to former Golden State Warrior Alain Smailagic

© Provided by CelticsWire While the Boston Celtics might not be doing so great right now, their stashed Israeli floor general Yam Madar has been busy honing his craft overseas ... Read more »

Thunder vs. Cavaliers: Play-by-play, highlights and reactions

© Provided by HoopsHype The Oklahoma City Thunder (14-31) play against the Cleveland Cavaliers (19-19) at Rocket Mortgage FieldHouse Game Time: 8:00 PM EST on Saturday January 22, 2022 Oklahoma ... Read more »

Knicks players making habit of clowning one particular local reporter

© Brad Penner-USA TODAY Sports RJ Barrett is one of multiple Knicks who have had issues with New York Post reporter Marc Berman. The New York Knicks players do not ... Read more »

Boston's Jayson Tatum 6th in NBA for jersey sales in 2021-22 season's 1st half

© File photo Paul Rutherford-USA TODAY Sports Even though he has not been playing up to his usual standards this season, All-Star Boston Celtics forward Jayson Tatum is evidently as ... Read more »

Australia live news updates: nearly identical return-to-school plans for NSW and Victoria; 58 Covid deaths recorded nationally

LIVE – Updated at 01:22 Read more »

McPherson FG as time expires lifts Bengals past Titans 19-16

© Provided by Associated Press Cincinnati Bengals kicker Evan McPherson (2) celebrates his game-winning field goal against the Tennessee Titans after an NFL divisional round playoff football game, Saturday, Jan. ... Read more »

Covid cases week after Christmas triple official figure, data shows

© Victoria Jones/PA Covid cases averaged nearly half a million a day during the week after Christmas, according to the Office for National Statistics – Victoria Jones/PA New cases of ... Read more »

Soccer-Pele 'super strong' as he recovers from tumor, daughter says

© Reuters/Ricardo Moraes FILE PHOTO: Brazilian soccer legend Pele laughs during the inauguration of a refurbished soccer field at the Mineira slum in Rio de Janeiro (Reuters) – Soccer legend ... Read more »

Rafael Nadal lashed out at Roger Federer in Australian Open row: ‘We're not like him'

Rafael Nadal plays Frenchman Adrian Mannarino in the fourth round of the Australian Open today. The Spanisard saw off Russian Karen Khachanov at the Rod Laver Arena in Melbourne on ... Read more »

Rachel Stevens 'to return to ITV's Dancing on Ice following wrist injury' after all

Rachel Stevens is tipped to appear on Dancing On Ice tonight after all after previously being written off as a contestant due to injury. The 43-year-old chart topping star fractured ... Read more »

Zac Taylor: This is the expectation for the Bengals, we’re gonna find a way to win

Not many people were expecting the Bengals to be in the AFC Championship Game before this season, but head coach Zac Taylor says he and his players aren’t surprised. Taylor ... Read more »

Socialists ahead as Portugal election campaign enters final stretch

© PATRICIA DE MELO MOREIRA An early voting option has been provided this year to reduce crowding on election day due to Covid-19 Early voting begins in Portugal on Sunday ... Read more »

Bengals Knock Off Top-Seeded Titans on Last-Second Field Goal for First Road Playoff Win

© Provided by Sports Illustrated This was the franchise’s first-ever playoff win on the road. View the original article to see embedded media. Before Saturday, the Bengals had never won ... Read more »

Blues' Justin Faulk says he's not looking forward to going to Canada

Blame Canada. Blues defenceman Justin Faulk clearly does not want to play games in Canada right now. (Photo by Patrick McDermott/NHLI via Getty Images) That was the message from St. ... Read more »

Portland’s Damian Lillard ‘not in a rush’ to return after abdomen injury, surgery

At least for now, Damian Lillard isn’t in a hurry to get back out onto the court. Lillard underwent surgery earlier this month to fix an abdomen injury that’s been ... Read more »

All monkeys accounted for after trailer crash

© Jimmy May/Bloomsburg Press Enterprise/AP Crates holding live monkeys are scattered across state Route 54 at the junction with Interstate 80 near Danville, Pennsylvania. A collision between a dump truck ... Read more »

Slain NYPD Officer Jason Rivera seen smiling on job in previous video

This is our hero. Look at this smile. Look at his baby face. This isn’t fair. He didn’t deserve this 😔💙🖤🙏🏼 #JasonRivera #NYPD #BlueLivesMatter #StopKillingUs #BackTheBlue @NatPoliceAssoc @cvpayne @RealDeanCain @ScottBaio ... Read more »

Francis Ngannou vs Ciryl Gane - UFC 270: Live round-by-round updates

© Provided by Daily Mail MailOnline logo Francis Ngannou is defending his heavyweight crown against Ciryl Gane  Pair were once sparring partners and the relationship is now a frosty one ... Read more »

Nasty family feud over mom's will lands two retired sisters in jail — and one may lose her home

Sisters Jean Mamakos and Irene Savadian both spent time in jail during the dispute over their mother’s estate. J.C.Rice This is a family feud on steroids. A 14-year-long legal fight ... Read more »

COVID-19 reproduction number in NCR drops to 1.2 —OCTA

© Danny Pata A member of the Inter-Agency Council for Traffic checks the vaccination cards of passengers at the carousel bus station in EDSA-Taft on Monday, January 17, 2022, the ... Read more »

Turkish journalist jailed for reciting proverb

© AFP Sedef Kabas is accused of insulting President Recep Tayyip Erdogan A Turkish court has detained well-known journalist Sedef Kabas for allegedly insulting the country’s president. Ms Kabas was ... Read more »

Freya confronts Beth as she thinks Eric is having an affair

NEXT IN TODAY'S DEAR DEIDRE My lover I am shocked my girlfriend doesn’t genuinely share my love of the voyeur sex READ DEIDRE'S STORIES Sadie gets suspicious as Lily plans her ... Read more »

Islanders teammates: Clark Gillies was tough player, great guy

Bob Nystrom’s phone inbox was full Saturday afternoon with well wishes, condolences and happy memories. He could barely keep up with all the calls. That’s the kind of effect Clark ... Read more »

Nadiya Bychkova's 'flirty behaviour causes drama on the arena tour'

Strictly’s Nadiya Bychkova’s flirty behaviour is causing drama backstage at the arena tour, according to a new report. The professional dancer, 32, is growing close to fellow show star Kai Widdrington, ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic