Purely conjecture on my part, but this could stem from possibly a family dispute between the various brothers (Mahendra/Shailendra v/s Dhirendra/Devendra)
At best, hopefully the day to day functioning of the company is not hampered while the family settles its disputes through appropriate forums
At worst, it could be a case where the company performance is affected by the feud especially given the next year should be good for the media sector given various elections.
As an aside, possible M&A if dispute can’t be resolved could be a possibility too. This might result in value unlocking for minority shareholders. Not sure if it is connected to Jagran in any way given they are not true competitors, but DB Corp shares have been on an absolute tear in the last few months.
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