EGM requests: Dish TV investors ask FM for regulatory action
The investors have written to the Finance Minister alleging that repeated requests for calling an extraordinary general meeting have been ignored
Dish TV's minority investors have approached Finance Minister Nirmala Sitharaman to take regulatory action against the company for ignoring their requests for calling an extraordinary general meeting (EGM).
The investors have also alleged that the corporate affairs ministry and Sebi have refused to take action.
A reply has sought from the MIB under the RTI Act as it why it had failed to approve the appointment of directors proposed by the largest shareholder.
In February 2021, the company's board had granted in-principle approval to explore and initiate the process of fund-raising through permissible modes and issue of permissible securities.
