Freeze on Yes Bank’s 25.6% stake in Dish TV spooks private lenders
Private credit lenders who often provide finance against pledge of shares are rattled that they will not be able to exercise their rights as lenders, if a police move freezing Yes Bank’s 25.6% stake in Dish TV sets a precedent. On Tuesday, the Supreme Court will hear Yes Bank’s appeal against an Allahabad High Court order that dismissed the lender’s plea seeking to lift the freeze on its voting rights in Dish TV…
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