Jawahar Goel's pledged Dish TV shares will be returned soon: Subhash Chandra
April 22, 2021
As security for credit facilities availed by Subhash Chandra Group
Subhash Chandra Chairman of Essel group of companies on Thursday said that shares pledged by Jawahar Goel will be returned soon.
Jawahar Goel, Promoter & Managing Director of Dish TV India Ltd. had offered a substantial portion of his equity in Dish TV as security for the credit facilities availed by Essel Group.
"The Group is also extremely thankful to Jawahar Goel, Promoter & Managing Director of Dish TV India Ltd. Goel has extended support, in the form of a substantial portion of his equity in the mentioned listed entity, as security for the credit facilities availed by Subhash Chandra Group. The Group is confident and fully committed to return the mentioned security cover back to Jawahar Goel and his family," said a statement from Subhash Chandra's office without adding a timeline to when the shares will be returned.