https://ift.tt/eA8V8J In a corporate rescue act, Jawahar Goel, promoter and managing director of Dish TV India Ltd extended a substantial portion of his equity in Dish TV as security for the credit facilities availed by Subhash Chandra Group. Dish TV is a direct to home (DTH) entertainment service provider, and the promoter family, led by Jawahar Goel, brother of Essel Group promoter Subhash Chandra, now owns 30.37 percent in the company. "The Group has also thanked Jawahar Goel, Promoter & Managing Director of Dish TV India Ltd for extending support, in the form of a substantial portion of his equity in the mentioned listed entity, as security for the credit facilities availed by Subhash Chandra Group," Subhash Chandra Group official spokesperson Ronak Jatwala said in a statement.
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Jawahar Goel rescues Essel Group's Subhash Chandra by pledging Dish TV shares
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Reviewed by Manish Pethev
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April 23, 2021
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