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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