The battle of supremacy and ego

- Zina founder Subhash Chandra's brother and son are not ready to move: Oyo's IPO may go awry: The quarrel has brought many hidden controversies to the surface ...

Oyo v / s Zostel

Zee v / s Invesco

Dish Tv v / s Axis Bank

- SEBI may say that Oyo will have to mention Zostal's case in its risk factors

The corporate sector Every Indian company is watching the three developments. In which Oyo's IPO is stuck, Zee Entertainment's Subhash Chandra's brother and son's Achucham Keshavam is going to be and Axis Bank is going to take over Dish TV. All three incidents are intertwined with a breach of trust, betrayal and the possibility of investing more in the company to put one's favorite director.

When such controversies occur, many things that are cooking inside come out. Such as the discussion for the merger of Reliance and Zina and the reversal of Oye Hotels with its partner. These three incidents include Invesco, the largest investor in Zee Entertainment, Axis Bank, which owns more shares than Dish TV, wants to place its favorite directors, and Oyo Hotels' સામે 1.3 billion IPO risk.

Zino's controversy is more complicated. Subhash Chandra says that we will not allow American investment cars to fly and the law says that Subhash Chandra will have to resign legally.

The feud between Zee and its investment car Invesco is an example of how the biggest investor in a company can dominate. Reliance's name was also mentioned in the battle between the two.

Zee said Reliance with Invesco supports it. However, later Investosco also started allegations that Zee was to merge with Reliance and so on. Invesco wants to change Zee's board.

Zena's current MD Goenka is the son of Zina's founder Subhash Chandra. Invesco has gone to Zee Court asking to change the board. On the one hand, Zee has gone to court and on the other hand, he has talked about merging with Sony Pictures.

Even if Zee does not allow Invesco to be merged by talking about merging with other companies, it cannot do anything without the approval of the single largest investor.

At a time when there was talk of a merger of the two companies, the two are now coming face to face and opening each other's polls. There is talk of a dispute between the RN and the RJN. Both are in the business of hospitality. The name Oyo is familiar in Gujarat while people in Uttar Pradesh and Delhi are familiar with Ranjin.

The company has complained to SEBI that the details of the draft for approval of the IPO through OY are insufficient as the capital structure of OY's parent company Orwells is not yet final. In his 8-page complaint, Zostal wrote that the case pending in the Delhi High Court was not mentioned. The dispute between the two companies started in 2012. The zoo room was closed after Oyo's merger with Jostel's company, R. Irrsaj, and there was talk of giving it a 5 per cent stake in Oyo. But Oyo could not abide by the agreement and the matter went to court.

The apex court had mediated last March. The arbitrator ruled that the breach was through Oyo. “Give us a seven per cent stake then bring in an IPO,” says Zostal. Oyo went to court again and now, three days later, on October 31, the case is due. Oyo wants to raise 12 billion through an IPO. SEBI may say that Oyo will have to mention Zostal's case among its risk factors.

At one time Dish TV was booming but it lagged behind other companies. Yes Bank, which financed it, has asked it to convene a shareholder meeting and decide to disband the entire Jawahar Goyal-led board. A meeting between Yes Bank and company officials decided to resolve the issue by calling an annual general meeting but Dish TV abruptly canceled the meeting and turned the tide on Yes Bank's plan.

Now the matter has become more serious. Yes Bank understands that Dish TV passes the time by making excuses. So he has launched a campaign to get seven nominees on the board and move four directors, including Jawahar Goyal. It is learned that Yes Bank has a 6 per cent stake in Dish TV, while Jawahar Goyal, who is not ready to relinquish power, has only a 6 per cent stake. Jawahar Goyal is the younger brother of Zee Entertainment's Subhash Chandra.

Dish TV's announcement to release a Rs 1,000 crore rights issue has been the center of controversy. Without asking the one who has the huge investment, Dish TV was more arbitrary. Even though Jawahar Goyal has only six per cent stake, he is not ready to relinquish power and tie the knot with the majority stakeholder.

Those who have more stake in the company may sooner or later fall apart

Companies often feel that the investor is everything, the shareholders in limited companies are considered investors. Shareholders have to be asked about raising the salaries or allowances of the company's directors. Shareholders rejected his offer when Ekta Kapoor tried to raise his salary in Balaji Telefilms. Shareholders have proved to be king in many companies. The companies that have been discussed here want more investors to dismantle the old board, it may be true but it hurts the investing companies.