Yes Bank Limited has acquired a 24.19% stake in Dish TV India Ltd, a corporation providing Direct to Home (DTH) television service in India, following invocation of 44.53 crores pledged shares thanks to default in payment of the debt by Dish TV and a few other companies.
Click Here To Get Test Series For SBI PO 2020
This is the fifth instance within the past one year that Yes Bank has acquired majority stake during a non-banking business simply thanks to the invocation of the pledge against shares of a corporation that had availed loans from the bank and later did not repay the dues.
Important Static for all competitive examination:
National News PM Modi Commissions Three Naval Ships in Kolkata Prime Minister Narendra Modi commissioned…
The World Bank has approved the ₹4,000-crore loan for the Haryana's ambitious "Jal Sanrakshit Haryana"…
India set to host two day BRICS National Security Advisers (NSA) Meeting on 22nd and…
The Indian Air Force (IAF) has decided to acquire the nine retired SEPECAT Jaguar fighter…
India's teenage sensation and young prodigy Vaibhav Sooryavanshi smashed the fastest half century ever recorded…
The Indian women’s hockey team scripted the history after defeating the New Zealand 2-0 in…