Dish TV India said six crore shares, accounting for over 5% in the company, have been pledged by Essel Corporate Resources. These shares are worth about Rs335 crore based on yesterday’s closing price of Rs 55.85 per piece.
In a filing to the BSE, Dish TV said six crore shares representing 5.63 stake in the company have been pledged with IDBI Trusteeship Services.
The transaction took place on Wednesday but the company did not disclose at what price the shares were pledged.
The filing said: 'by way of pledge in favour of ITSL as security for the benefit of debenture holders. Issuer of non-convertible debenture ( NCDs) being Essel Corporate Resources Pvt Ltd'.
At 11.01 am, Dish TV India was trading at Rs56.40, up by 1.90%, with a volume of 2.23 lakh shares on the BSE.
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In a filing to the BSE, Dish TV said six crore shares representing 5.63 stake in the company have been pledged with IDBI Trusteeship Services.
The transaction took place on Wednesday but the company did not disclose at what price the shares were pledged.
The filing said: 'by way of pledge in favour of ITSL as security for the benefit of debenture holders. Issuer of non-convertible debenture ( NCDs) being Essel Corporate Resources Pvt Ltd'.
At 11.01 am, Dish TV India was trading at Rs56.40, up by 1.90%, with a volume of 2.23 lakh shares on the BSE.
....more info