{"id":73544,"date":"2022-11-16T13:48:00","date_gmt":"2022-11-16T08:18:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=73544"},"modified":"2022-11-16T14:32:00","modified_gmt":"2022-11-16T09:02:00","slug":"why-are-ace-investors-like-mukul-agrawal-buying-the-shares-of-dish-tv-is-a-turnaround-happening","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/why-are-ace-investors-like-mukul-agrawal-buying-the-shares-of-dish-tv-is-a-turnaround-happening\/","title":{"rendered":"Why are ace investors like Mukul Agrawal buying the shares of Dish TV? Is a turnaround happening?\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2421080573\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India\u2019s third-largest satellite TV provider surged 9% on Wednesday to reach an intraday high of \u20b9 16.35. Ace investors are picking the company\u2019s shares, while retail investors are offloading them. This increase comes after a change in the leadership of Dish TV.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1249951727\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Dish TV has faced challenges both on the corporate and business front in the past year. In fact, Yes Bank which is Dish TV\u2019s largest shareholder, with a 24.78% stake, was locked in a legal battle with the company over its board representation. It was pushing for the removal of its chairman and a few other people.&nbsp;<\/p><p>Thereafter, Jawahar Lal Goel, the Chairman of broadcast satellite service provider Dish TV stepped down from the company&#8217;s board on September 19, 2022. Earlier in June, shareholders rejected the proposal for the reappointment of Anil Kumar Dua as a whole-time director of the company, following which he had to vacate his office.\u00a0<\/p><p>The broadcast satellite service provider has merely three independent directors\u2014Rajeev Dalmia, Rashmi Aggarwal and Shankar Aggarwal. This is less than the minimum six prescribed by the Securities and Exchange Board of India (SEBI).&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1019939772\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Yes Bank has been demanding an overhaul of the board and has recommended the induction of seven members. As a result, Dish TV has agreed to consider the induction of three independent directors\u2014Girish Paranjpe, Arvindnachya Chandranachya and Madan Mohanlal Verma. Following this, seasoned investors have started buying a stake in the company.&nbsp;<\/p><p><strong>Mint reported <\/strong>that those who bought a stake in the company include family members of Amal Parikh, founder of Mumbai-based Ohm Stock Broker and one of the three trustees of Rakesh Jhunjhunwala\u2019s Rare enterprises. They bought a 0.65% stake in the company. In addition, large foreign funds are also buying a stake in the company.&nbsp;<\/p><p>According to the shareholding data for the July to September quarter, Mukul Agrawal bought a 1.4% stake in the company. He holds 2.5 crore shares approximately worth \u20b9 40.3 crores as of Wednesday.&nbsp;<\/p><p>The latest shareholding data of Dish TV shows that institutional investors have increased holdings from 37.25% to 43.32% in the July to September quarter, while public shareholding has decreased from 58.7% to 52.6%.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3531215931\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India\u2019s third-largest satellite TV provider surged 9% on Wednesday to reach an intraday high of \u20b9 16.35. Ace investors are picking the company\u2019s shares, while retail investors are offloading them. This increase comes after a change in the leadership of Dish TV.\u00a0 Dish TV has faced challenges both on the corporate and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-73544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why are ace investors like Mukul Agrawal buying the shares of Dish TV? Is a turnaround happening?\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/why-are-ace-investors-like-mukul-agrawal-buying-the-shares-of-dish-tv-is-a-turnaround-happening\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why are ace investors like Mukul Agrawal buying the shares of Dish TV? Is a turnaround happening?\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of India\u2019s third-largest satellite TV provider surged 9% on Wednesday to reach an intraday high of \u20b9 16.35. Ace investors are picking the company\u2019s shares, while retail investors are offloading them. This increase comes after a change in the leadership of Dish TV.\u00a0 Dish TV has faced challenges both on the corporate and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/why-are-ace-investors-like-mukul-agrawal-buying-the-shares-of-dish-tv-is-a-turnaround-happening\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-16T08:18:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-16T09:02:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Dish-Tv-Cover-Image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Dish-Tv-Cover-Image-1.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/why-are-ace-investors-like-mukul-agrawal-buying-the-shares-of-dish-tv-is-a-turnaround-happening\/\",\"url\":\"https:\/\/tradebrains.in\/features\/why-are-ace-investors-like-mukul-agrawal-buying-the-shares-of-dish-tv-is-a-turnaround-happening\/\",\"name\":\"Why are ace investors like Mukul Agrawal buying the shares of Dish TV? 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