Dish TV appoints independent director
The battle between largest shareholder Yes Bank and Subhash Chandra for control of Dish TV may now come to an end
DTH operator Dish TV has reportedly appointed former bureaucrat Zohra Chatterji as its independent Director.
According to media reports, it has also shared with MIB four names for its approval for their appointment as board as directors. MIB’s approval is needed under the uplinking guidelines. The four names are Rajesh Sahni, Virender Tagra, Girish Srikrishna Paranjpe and Arvind Nachaya Mapangada.
With Dish TV agreeing to induct two independent directors recommended by Yes Bank on its board, the battle between Yes Bank, the largest shareholder of Dish TV, and Subhash Chandra, seems to be nearing end.
Media reports say this is the first appointment after March 3, when the shareholders of Dish TV rejected special resolutions seeking their approval for the appointment of four new independent directors.
