YES Bank acquires 24.19% in Dish TV India

YES BANK Limited has, pursuant to invocation of pledge of shares, acquired 44,53,48,990 equity shares having nominal value of Rs. 1/- per share, constituting approx. 24.19% of the post-issue paid-up share capital as at March 31, 2020, of a listed company, namely, Dish TV India Limited.

The Shares have been acquired pursuant to invocation of pledge of the shares subsequent to default/breach of terms of credit facilities sanctioned by Yes Bank to Essel Business Excellence Services Limited, Essel Corporate Resources Private Limited, Living Entertainment Enterprises Private Limited, Last Mile Online Limited, Pan India Network Infravest Limited, RPW Projects Private Limited, Mumbai WTR Private Limited & Pan India Infraprojects Private Limited.

Dish TV India Limited (DTIL) is a direct to home entertainment service provider. The company has a bandwidth capacity of 1,422 MHz with an ability to deliver more than 655 channels and services including 40 audio channels and 70 HD channels and services.

Shares of YES BANK LTD. was last trading in BSE at Rs.26.85 as compared to the previous close of Rs. 27. The total number of shares traded during the day was 1229232 in over 11866 trades.

—Equity Bulls