Sep 7, 2021By: Rounak Jain
Rating agency ICRA has underlined that the company’s stressed balance sheet could impact lenders, employees and subscribers.
It also stressed that government support is “critical” at this point of time.
Yes Bank has demanded the removal of directors of Dish TV and has opposed the ₹1,000 crore fundraising, saying it is intended to dilute the bank’s shareholding.
Reported it has almost completed its ₹9,200 crore share buyback programme.
Raised ₹400 crore via issuance of non-convertible debentures.
Its June quarter profit jumped over 3 times to ₹114 crore, but revenue declined to ₹2,203 crore from ₹2,632 crore, year-on-year.
Entered into an agreement with Export Trading Group to distribute its tractors, tillers and diesel engines in South Africa, Namibia, Zimbabwe, and other African countries.
Offloaded a 7.95 percent stake in Elpro International for ₹74 crore.
Emerged as the lowest bidder for a 6-vessel Indian Navy tender for next-gen missile vessels worth ₹10,000 crore.