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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 company s directors for failing to ensure strong corporate governance. Dish TV s minority investors include IndusInd Bank, Aditya Birla Sun Life Flexi Cap Fund, and Phoenix ARC. This comes after Yes Bank expressed dissatisfaction with Dish TV s management in 2020 and demanded a board reconstitution. ....
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. ....