Srei convenes Deccan Chronicle EGM on March 20, proposes 5 new directors

It's Srei second try at taking control of DCHL; 2016 meeting foiled by Tata Capital and Indiabulls

In an apparent move to take over the management of debt-ridden Deccan Chronicle Holdings Private Limited (DCHL), Kolkata-based Srei Infra Finance Limited (SIFL), which is one of its lenders and also claims to be the single largest shareholder, has convened an Extraordinary General Meeting on March 20, 2017 for the appointment of five new directors on the board of DCHL, besides proposing other agenda.

Srei has asserted its right to hold the EGM under Section 100(4) of the Companies Act, 2013, stating that the DCHL board has not been able to convene an EGM even though it had sent