Circ re. (Disclosure)

Dish TV India

29/12/2021 06:59

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RNS Number : 8093W  Dish TV India Limited  24 December 2021

December 24, 2021

 

London Stock Exchange plc.

10 Paternoster Square

London

EC4M 7LS

 

Subject: Disclosure of writ petition served on the Company

 

Dear Sir/Madam,

 

We wish to inform you that Dish TV India Limited ('the Company'), on December
24, 2021, has been served with a writ petition (WP (Stamp) No. 25881/ 21)
filed by JSGG Infra Developers LLP ('Petitioner'), an entity forming part of
the promoter and promoter group of the Company, at the High Court of
Judicature at Bombay. The Respondents named in the writ petition are - 'Union
of India (through Secretary, Department of Financial Services, Ministry of
Finance)' (Respondent 1), 'Securities and Exchange Board of India' (Respondent
2), 'Catalyst Trusteeship Limited' (Respondent 3), 'Yes Bank Limited'
(Respondent 4), 'IDBI Trusteeship Services Limited' (Respondent 5), 'Dish TV
India Limited (Respondent 6), 'National Stock Exchange of India Limited'
(Respondent 7) and 'BSE Limited' (Respondent 8).

 

The writ seeks the indulgence of the High Court under Article 226 of the
Constitution of India, in respect of the violations of the SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011 ("Takeover Code").

 

In the petition, the Petitioner has, inter-alia, prayed for following
directions against SEBI - Respondent No. 2:

(a)   to initiate necessary investigations against Respondent No. 3-5;

(b)   to direct Respondent No. 3-5 to not exercise any voting rights /
rights attached to the shares acquired in violation of Takeover Code or to
direct the said Respondents to cease and desist from exercising any control
over Respondent No. 6;

(c)   to issue appropriate directions to the Respondent No. 6 or any
depository, to not give effect to any transfer of said shares, and also
directions as mentioned in (a) and (b) above against Respondent No. 3-5
pending the hearing and disposal of the Petition.

 

Further, Petitioner has also prayed for stay of the operation, implementation
and the effect of acquisition made by Respondent No. 3-5 and to direct
Respondent No. 2 to act on the complaint made by Respondent No. 6.

 

The Company shall consider and undertake necessary steps to be taken in the
matter.

 

This is for your kind information and record.

 

Thanking You,

 

Yours truly,

For Dish TV India Limited

 

 

Ranjit Singh

Company Secretary and Compliance Officer

Membership No. A15442

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