Dish TV lenders invoke pledged shares, sell 5.11 cr shares in open market

These shares were sold in four tranches between December 30 2020- May 12, 2021 in the open market.

Published: 18th May 2021 11:51 AM  |   Last Updated: 18th May 2021 11:51 AM   |  A+A A-

Dish tv

Image for representational purpose only. ( Express Illustration)

By PTI

NEW DELHI: DTH service provider Dish TV on Tuesday said lenders have invoked 5.11 crore pledged promoters' shares, following which the shareholding of the promoter group firm Direct Media Distribution Ventures Pvt Ltd has come down by 2.78 per cent.

In a regulatory filing Dish TV India said "5,11,97,105 shares have been invoked by the trustee(s) on behalf of lenders to whom shares of Dish have been pledged".

These shares were sold in four tranches between December 30 2020- May 12, 2021 in the open market.

As per the regulatory filing, 92.81 lakh shares were sold on December 30, 2020, 92.64 lakh shares on January 7, 2021, 76.60 lakh shares on January 8, 2021, and 2.49 crore shares were sold on May 12, 2021.

Post the transaction, Direct Media Distribution Ventures Pvt Ltd''s stake in Dish TV stood at 2.09 per cent, as against 4.87 per cent earlier, the filing added.

Now we are on Telegram too. Follow us for updates
TAGS
Dish TV DTH service provider
India Matters

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

Videos
Gallery