Business Standard

YES Bank acquires 24.19% stake in Dish TV through pledged shares

The bank's move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 mn in the firm, the lender said in a filing to the stock exchanges late on Friday.

YES bank
Premium

This is the sixth such transaction by YES Bank in a year in various companies. Last year, YES Bank had invoked pledged shares of CG Power, Cox & Kings, and Reliance Infrastructure.

Viveat Susan Pinto Mumbai
Private sector lender YES Bank has acquired 24.19 per cent in Dish TV, making it the second-largest shareholder in the direct-to-home (DTH) company.
 
The bank’s move to pick up a stake in Dish TV comes following an invocation of pledged shares to the tune of 445.3 million in the firm, the lender said in a filing to the stock exchanges late on Friday night.
 
The promoter family, led by Jawahar Goel, brother of Essel group promoter Subhash Chandra, now owns 30.37 per cent in Dish TV, counted among the leading DTH players in India with net sales of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in