In today’s briefing:
- Dish TV: Finale Still Awaits
- Going Private Is an Option for Both the Companies and Investors
Dish TV: Finale Still Awaits
- Dish TV India (DITV IN) has been under the limelight for quite a while. ever since the legal tussle with shareholders.
- The last six months have seen several events happening at the corporate governance level; the trials of churn in board and the required shareholders approvals has troubled the company.
- Even though there have been monumental changes in the board such as resignation of Mr.Goel, the battle with the shareholders is still far from the finale.
Going Private Is an Option for Both the Companies and Investors
- While it’s natural for a rational investor to disagree with a company that cannot generate a return commensurate with the risk, the existence of cross-shareholdings in Japanese companies complicates matters.
- The benefit of listing is raising capital on favorable terms by trading shares at a value greater than shareholders’ equity, but there are not many Japanese companies trading at premium.
- Going private is one option for companies that are unable to find growth investment opportunities and accumulate cash on their balance sheets. In this regard, Japanese equities are of interest.
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