Dish TV

Yes Bank invokes share pledges; scoops 24% stake in Dish TV

SportzPower Team
Jun 01, 2020 18:06

MUMBAI: Private lender Yes Bank has disclosed to exchanges that it has acquired a 24.19% stake in direct-to-home service (DTH) provider Dish TV India by invoking share pledges, Financial Express reports. 

Dish TV had kept 44.53% equity as collateral with the lender against loans. “Yes Bank has acquired 44,53,48,990 equity shares having nominal value of Rs 1 per share, constituting approximately 24.19%…,” the lender said in a release.

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