Dish TV lenders invoke pledged shares, sell 3.85 crore shares

DTH service provider Dish TV on Tuesday said lenders have sold 3.85 crore pledged promoters’ shares, following which the shareholding of the promoter group firm Direct Media Distribution Ventures Pvt Ltd has come down by 2.09 per cent.

In a regulatory filing Dish TV India said “3,85,65,000 shares have been sold by the lenders to whom shares of Dish have been pledged”.

These shares were sold in four tranches between June 23-July 9, 2020.

As per the regulatory filing, 1.12 crore shares were sold on June 23, 7.50 lakh shares on June 25, over 1.57 crore shares on June 26 and more than 1.08 crore shares were sold on July 9, 2020.