Dish TV India says no impact from court rejecting shareholder's plea; stock jumps

Dish TV India

05/09/2023 10:49

** Shares of Dish TV India  DSTV.NS  rise as much as 20% to 21.3
rupees, their biggest intraday pct gain since May 4, 2021
    ** DSTV says don't see financial hit from Bombay High
Court's disposal of plea by founding group entity World Crest
Advisors  
    ** World Crest sought restrain on Yes Bank, JC Flowers Asset
Reconstruction from exercising their rights, including voting
over shares in Dish TV 
    ** JC Flowers holds 24.19% stake in Dish TV; Yes Bank owns
9.9% of JC Flowers; per NSE data 
    ** DSTV falls 7.3% in last three sessions 
    ** More than 150 mln shares change hands by 2:38 p.m. IST,
5.4x 30-day avg of 28 mln shares
    ** Stock down 3.5% this year, as of last close 

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com ; +91 8805175330))