Dish TV promoters’ stake falls to 5.67%

Mumbai: Promoters’ shareholding in the Indian direct-to-home (DTH) service provider Dish TV has fallen to 5.67 per cent and the company disclosed on Tuesday that 24,992,105 shares were invoked and sold by trustees on May 12 in open market on behalf of the lenders to whom the shares were pledged.

The company also said that between December 30, 2020, and January 8, 2021, lenders sold 2.62 crore of promoters’ shares in three separate tranches.

After the disclosure, Dish TV’s stock closed at Rs 12.93 apiece on BSE, up 2.21 per cent.


Promoters - Jawahar Goel and family, brother of media baron Subhash Chandra - owned 7.03 per cent stake in Dish TV as of March 31, out of which 51.15 per cent was pledged with the lenders.

However, sources close to the promoters said this sale will not make any difference to the promoters till the largest shareholder Yes Bank holds on to its stake. “It will be business as usual at Dish TV as since May last year, when Yes Bank invoked 24.9 per cent in the company, promoters’ shareholding had come down and it was public knowledge,” said the person quoted above.