Yes Bank may find it tough to recover Dish promoter dues

Mumbai: Private lender Yes BankNSE 1.30 % may face hurdles to recover its dues to the promoters of India’s largest direct-to-home (DTH) player Dish TVNSE 4.71 % even after the bank acquired a 24.19 per cent stake by invoking pledged shares following a debt default, sources close to the development said.

On Friday, Yes Bank has announced it had invoked the 44.53 crore pledged shares of Jawahar Goel-promoted Dish TV, which were part of a collateral pledged by his brother and Essel Group promoter, Subhash Chandra.