DTH

Yes Bank acquires 24.19% stake in Dish TV

It acquired 44,53,48,990 equity shares having nominal value of Re 1 per share

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/05/30/yes.jpg?itok=3Ozi4-8J

MUMBAI: Yes Bank has acquired 24.19 per cent stake in Essel Group-promoted direct-to-home (DTH) operator Dish TV India Ltd. The bank has informed in a regulatory filing that it has acquired 44,53,48,990 equity shares having nominal value of Re 1 per share. Shares have been acquired on invocation of pledge of shares in a one-time transaction.

“Shares have been acquired pursuant to invocation of pledge of the shares subsequent to default/breach of terms of credit facilities sanctioned by Yes Bank to Essel Business Excellence Services Ltd, Essel Corporate Resources Private Ltd, Living Entertainment Enterprises Private Ltd, Last Mile Online Ltd, Pan India Network Infravest Lrd, RPW Projects Private Ltd, Mumbai WTR Private Ltd,” Yes Bank said.

Dish TV reported consolidated unaudited subscription revenues of Rs 798.2 crore and operating revenues of Rs 867.8 crore in the third quarter of FY 20. The company has a bandwidth capacity of 1,422 MHz with an ability to deliver more than 655 channels and services including 40 audio channels and 70 HD channels and services.

The DTH operator emerged as one of the largest DTH operators with a huge subscriber base after a merger with Videocon D2H back in 2018. Earlier this year, merger talks between Dish TV and Airtel Digital TV reportedly ended with basic differences over each company’s valuations.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/13/dish.jpg?itok=nJrpc48B
Dish TV India partners with HoichoI, introduces Bengali viewing content on both its platforms

KOLKATA: Expanding its content library to enthrall its customers, Dish TV India Limited, India’s leading DTH Company has announced its partnership with Hoichoi, a leading Bengali on-demand video and music-streaming platform that streams content worldwide. With this strategic association with...

DTH DTH Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/09/tatasky.jpg?itok=h_aaWBB5
Tata Sky Binge+ customers to get access to premium ZEE5 content

KOLKATA: The bouquet of content offerings on Tata Sky Binge+ got a major thrust as Tata Sky extended its partnership withZEE5, for its Android enabled smart Set-top box that provides content from linear Live Television and a host of OTT apps onto a TV.

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/02/tata.jpg?itok=fFM5yHT5
Find out what’s trending on TV with Tata Sky’s redesigned Home Screen

Keeping the customer at the centre of all tech innovations, Tata Sky, India’s leading content distribution and Pay TV platform has introduced a first of its kind feature on its set-top boxes - Trending on TV.

DTH DTH Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/30/tataskky.jpg?itok=MF1lVnXH
Tata Sky solidifies lead in the DTH sector

KOLKATA: According to ‘The Indian Telecom Services Performance Indicator Report October – December 2019‘ published by the Telecom Regulatory Authority of India (TRAI), the Indian DTH service has displayed phenomenal growth since launch in 2003. The total number of total active subscribers with pay...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/04/dd.jpg?itok=aWXvduWR
Big four broadcasters come back on DD Free Dish

MUMBAI: All the big four broadcasters that pulled out of DD Free Dish in 2019 after the new tariff order was implemented have come back on Prasar Bharati’s free direct-to-home (DTH) platform. Star Utsav, Sony Pal, Zee Anmol, Colors Rishtey and Zee Anmol Cinema have successfully bid on the 45th e-...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/02/yes_0.jpg?itok=sn3tlBM3
Dish TV asks Yes Bank to get MIB go-ahead on its share acquisition

Last Friday, YES Bank informed the stock exchanges that it had acquired 24.19 per cent stake in direct-to-home (DTH) operator Dish TV India Ltd. The latter said on Monday that the disclosure filed by the bank regarding the acquisition contains certain incorrect facts.

DTH DTH Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/05/28/d2h.jpg?itok=EvER95Pr
D2H launches DIA, an AI-enabled chatbot for customer service

D2H has launched the ‘D2H Intelligent Assistant’ (DIA), chatbot using the latest AI technology, for its customers. D2H Intelligent Assistant (DIA) is a one-stop solution platform for customers to solve their service queries through an automated assistant in real-time.

DTH DTH Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/05/18/dd.jpg?itok=HBaHC7IP
Prasar Bharati relaxes DD FreeDish fees for FTA channels

MUMBAI: The Covid 2019 pandemic is not just decimating human lives it has also resulted in the broadcasting sector falling sick with shootings ceasing, ad revenues shrivelling, and subscription revenues drying up. To cope up with the rapidly turning toxic business environment, free-to-air (FTA)...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/05/15/tatasky.jpg?itok=_BksS73p
Tata Sky celebrates the joy of togetherness this international family day’

MUMBAI: Tata Sky, India’s leading content distribution and Pay TV platform, in partnership with Chimp&z Inc, celebrated International Family Day with the launch of a digital campaign under its larger Isko Laga Dala Toh #FamilyJingalala positioning. In times of social distancing when families...

DTH DTH Operator

Sign up for our Newsletter

subscribe for latest stories

* indicates required