Yes Bank acquires 24.19% stake in Dish TV via pledged shares

Private sector lender YES Bank has acquired 24.19 percent stake in Dish TV India Ltd, making it the second-largest shareholder in the direct-to-home (DTH) company.
Yes Bank Ltd has acquired the stakes by invoking pledges against 44.53 equity shares kept as collateral with the private lender for a loan.
This is the fifth instance in the past one year that Yes Bank has acquired majority stake in a non-banking businesses simply due to invocation of pledge against shares of a company that had availed loans from the bank and later failed to repay the dues.