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Yes Bank Ltd. Major Shareholding Notification 2021

Aug 8, 2021

61580_rns_2021-08-08_6a9cd5ab-1228-48f8-878d-3b722c1bdb53.pdf

Major Shareholding Notification

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YBL/CS/2021-22/0043

August 8, 2021

National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot no. C/1, G Block, Corporate Relations Department Bandra - Kurla Complex, Bandra (E) P.J. Towers, Dalal Street Mumbai - 400 051 Mumbai – 400 001 Tel.: 2659 8235/36 8458 Tel.: 2272 8013/15/58/8307 NSE Symbol: YESBANK BSE Scrip Code: 532648

Dear Sirs,

Sub.: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Ref.: Our earlier disclosure No. YBL/CS/2020-21/11 dated May 29, 2020

In continuation of our captioned disclosure (attached herewith), this is to inform you that the 44,53,48,990 equity shares (representing 24.19% of the total share capital) of Dish TV India Limited (“Company”) acquired by Catalyst Trusteeship Limited for the benefit of YES Bank Limited (YBL) on invocation of share pledge subsequent to default/breach of terms of credit facilities sanctioned by Yes Bank Limited to Essel group companies, which were lying in the DP a/c of Catalyst Trusteeship Limited, have been transferred to the DP a/c of YBL on August 7, 2021, the said shares continue to form part of the security package for such credit facilities pursuant to invocation of the share pledge.

In addition to the above, IDBI Trusteeship Services Limited is holding in its DP a/c, as trustee for YBL, 1,56,67,000 equity shares of the Company (representing 0.85% of the total share capital). YBL is also holding in its DP a/c, 1,08,98,000 equity shares of the Company (representing 0.59% of the total share capital) as agent of IDBI Trustee (security trustee acting for the benefit of YBL). These shares were acquired on June 26, 2020 and July 09, 2020 respectively, by invocation of pledge created over such equity shares for the benefit of Yes Bank and the said shares continue to form part of the security package for above-mentioned credit facilities pursuant to invocation of the share pledge.

Pursuant to above transfer of shares, YBL along with IDBI Trusteeship Services Limited will be holding in aggregate 47,19,13,990 equity shares representing 25.63% of the total share capital of the Dish TV India Limited.

We request you to kindly take the above information on your record and note the compliance.

Thanking you,

Yours faithfully,

For YES BANK LIMITED

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Shivanand R. Shettigar Company Secretary

Encl: A/a

Regd. & Corporate Office: YES Bank House, Off Western Express Highway, Santacruz East, Mumbai 400055, India Tel: +91 (22) 5091 9800, +91 (22) 6507 9800, Fax : +91 (22) 2619 2866 Website: www.yesbank.in Email: [email protected] CIN - L65190MH2003PLC143249

Annexure

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YBL/CS/2020-21/11

May 29, 2020

BSE Limited

National Stock Exchange of India Limited Corporate Relations Department Exchange Plaza, P.J. Towers, Dalal Street Plot no. C/1, G Block, Mumbai – 400 001 Bandra - Kurla Complex, Bandra (E) BSE Scrip Code: 532648 Mumbai - 400 051 NSE Symbol: YESBANK

Dear Sir,

Sub.: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

We wish to inform you that YES BANK Limited has, pursuant to invocation of pledge of shares, acquired 44,53,48,990 equity shares having nominal value of Rs. 1/- per share, constituting approx. 24.19% of the post-issue paid-up share capital as at March 31, 2020, of a listed company, namely , Dish TV India Limited.

Disclosures for the acquisition are given below:

Sr.
No.
Particulars Details
1. Name of the Target Company and
brief details such as size, turnover
Dish TV India Limited has a consolidated total
income of Rs. 6,218.28 Crore as on March 31,
2019
2. Whether the acquisition will fall
within related party transactions
and whether the promoter /
promoter
group
/
group
companies have any interest in
the entity being acquired? If yes,
nature of interest and details
thereof and whether the same is
done at arms’ length.
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 Limited, Essel Corporate
Resources
Private
Limited,
Living
Entertainment Enterprises Private Limited, Last
Mile Online Limited, Pan India Network
Infravest
Limited,
RPW
Projects
Private
Limited, Mumbai WTR Private Limited & Pan
India Infraprojects Private Limited
3. Industry to which the entity being
acquired belongs
Media & Entertainment

Regd. & Corporate Office: YES BANK Limited, YES BANK Tower, /FC 2, 15 ~ Floor, Senapoti Bapat Marg, Elphinsfone (W), Mumbai 400 013, India Tel: +91 (22) 3366 9000 Fax : +91 (22) 2421 4500 Website: www.yesbank.in Email: [email protected] CIN - L65190MH2003PLC143249

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4. Objects and Effects of acquisition
(disclosure
of
reasons
for
acquisition of target entity if its
business is outside the main line
of business)

Shares acquired on invocation of pledge
subsequent to default/breach of terms of loan to
Dish TV India Limited
5. Brief details of any governmental
or regulatory approvals required
for the acquisition
Not Applicable
6. Indicative
time
period
for
completion of the acquisition
Shares have been acquired on invocation of
pledge of shares and this is a one-time
transaction.
7. Nature of consideration Shares acquired on invocation of pledge of
shares
8. Cost of Acquisition or the price at
which the shares are acquired
Shares acquired on invocation of pledge of
shares
9. Number
and
percentage
of
shareholdingacquired
44,53,48,990 number of equity shares (24.19% of
equityshare capital of Target Company)
10. Brief background of the entity
acquired
(product/line
of
business
acquired,
date
of
incorporation/history
of
last
three years turnover)
Dish TV India Limited (DTIL) is a direct to home
entertainment service provider. 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.
Date of Incorporation: 10 August, 1988
Total Income on consolidated basis in FY19,
FY18 & FY17 is Rs. 6,218.28 Cr, Rs. 4,688.32 and
Rs. 3,075.88 Cr respectively.

Aforesaid details about the Target Company has been provided on the basis of publicly available information.

We request you to kindly take the same on your records.

Thanking you,

Yours faithfully, For YES BANK LIMITED

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Shivanand R Shettigar Group Company Secretary

Regd. & Corporate Office: YES BANK Limited, YES BANK Tower, /FC 2, 15 ~ Floor, Senapoti Bapat Marg, Elphinsfone (W), Mumbai 400 013, India Tel: +91 (22) 3366 9000 Fax : +91 (22) 2421 4500 Website: www.yesbank.in Email: [email protected] CIN - L65190MH2003PLC143249