Lenders have invoked pledged shares of several Subhash Chandra-led Essel group entities, including Zee Media Corporation, Dish TV, Siti cable and Zee Learn.

IDBI Trusteeship Services Limited (ITSL) and Vistra ITCL, who were acting on behalf of the lenders, have invoked the pledged shares.

According to regulatory filings, ITSL has invoked a 5.26 per cent share of Zee Media Corporation Ltd (ZMCL) held by two promoter entities — ARM Infra & Utilities and 25 FPS Media.

“Around 1.04 crore shares were sold by the lenders to whom shares of ZMCL had been pledged,” said a regulatory intimation by ARM Infra & Utilities. While 25 FPS Media said: “Around 1.91 crore shares were sold by the lenders to whom shares of ZMCL had been pledged.”

Zee Media Corporation (formerly Zee News) is a news network with 10 news channels in six different languages.

In DTH arm Dish TV, nearly 5.12 per cent owned by two promoter group firms — Direct Media Distribution and World Crest Advisors LLP — has also been invoked.

The invocation was done by ITSL acting in its capacity as a share pledge trustee for the benefit of HDFC Ltd and Edelweiss Ltd, ITSL said in a filing.

In SITI Networks, around a 9.96 per cent pledged share has been invoked.

It has invoked 1.65 crore shares of Bioscope Cinemas, 2.38 crore share of Digital Satellite Holdings and 4.64 crore shares of Direct Media Solutions LLP.