Dish TV shares surge 20% as chairman set to exit after Yes Bank tussle

Dish TV shares surged up to 20% on Thursday after the broadcast satellite service provider said Chairman Jawahar Lal Goel would not seek a reappointment, signalling a win for top shareholder Yes Bank in its push for a board overhaul.

The company on Tuesday said Goel would not opt for a re-appointment on its board and independent director Bhagwan Das Narang would vacate office after his term expired.