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Yes Bank buys stake in Dish TV

June 01, 2020

Yes Bank buys stake in Dish TV

Private sector loan specialist YES Bank has procured a 24.19% stake in Dish TV, India’s biggest direct-to-home (DTH) organization as far as supporters, by the invocation of 44.53 crore promised shares.

As of March 31, Dish TV advertisers claimed 54.56% stake in the organization, out of which over 93% was vowed with the moneylenders. Yes Bank, sources state, had the greatest presentation. After the invocation of offers, Dish TV advertisers will be left with simply over 30% stake in the organization.

In a filing to trades, YES Bank said the invocation was resulting to default or break of terms of credit facilities endorsed by the bank to Essel Business Excellence Services, Essel Corporate Resources, Living Entertainment Enterprises, Last Mile Online, Pan India Network Infravest, RPW Projects, Mumbai WTR, and Pan India Infraprojects.

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