Yes Bank on Friday in a BSE filing disclosed the acquisition of 24.19% paid up share capital in Essel Group owned Dish TV India Limited through invocation of pledged shares after the group defaulted/breached terms of credit facilities sanctioned by Yes Bank Limited.
YES Bank has acquired 44,53,48,990 equity shares in Dish TV yesterday upon invocation of pledge of shares of Dish TV India Limited that amounts to 24.19% of the total shares. The acquisition has happened through Catalyst Trusteeship Limited on behalf of Yes Bank Limited.
The shares have been acquired on invocation of pledge of shares subsequent to default/breach of terms of credit facilities sanctioned by Yes Bank to Essel Business Excellence, Essel Corporate Resources, Living Entertainment Enterprises, Last Mile Online, Pan India Network Infravest, RPW Projects, Mumbai WTR and Pan India Infraprojects.
