Dish TV promoters pledge 5.6% shares

MUMBAI: The promoters have pledged 5.6 per cent of their stake in Dish TV worth around Rs 3.35 billion.

Essel Corporate Resources, a promoter group company, has pledged 60 million shares, representing 5.63 per cent stake in Dish TV.

The shares have been pledged with IDBI Trusteeship Services Ltd. The value of pledged shares is Rs 3.35 billion, based on the Wednesday’s closing price of Rs 55.85 per share on the BSE.

The transaction took place on Wednesday but the company did not disclose at what price the shares were pledged.

Shares of Dish TV India on Thursday closed at Rs 55.35 on the BSE, down 0.90 per cent from its previous close.