Sure Financial institution has acquired 44.53 crore fairness shares amounting to 24.19 per cent of Dish TV India’s post-issue paid-up share capital as on March 31. The Dish TV shares every had a nominal worth of 1 rupee.
The shares have been acquired pursuant to invocation of pledge of the shares subsequent to default or breach of phrases of credit score amenities sanctioned by Sure Financial institution to Essel Enterprise Excellence Companies, Essel Company Assets, Dwelling Leisure Enterprises, Final Mile On-line, Pan India Community Infravest, RPW Initiatives, Mumbai WTR and Pan India Infraprojects.
“The shares have been acquired on invocation of pledge of shares and this can be a one-time transaction,” stated Sure Financial institution in regulatory filings at inventory exchanges late on Friday.
Dish TV India is a direct-to-home leisure service supplier.
The corporate has a bandwidth capability of 1,422 MHz with a capability to ship greater than 655 channels and providers, together with 40 audio channels and 70 HD channels and providers.
It reported a consolidated complete revenue of Rs 6,218.28 crore as on March 31, 2019. Dish TV India is operated by the Zee Group and the Videocon Group.