FOR PROPOSED AMALGAMATION OF VIDEOCON D2H INTO DISH TV
MUMBAI, India; May 14, 2017 - Dish TV India Limited (Dishtv) (BSE: 532839, NSE: DISHTV) is pleased to announce receipt of approval of the Equity Shareholders of the company for the proposed Scheme of Arrangement for amalgamation of Videocon D2h into Dish TV in consideration for new stock issuance by Dish TV to the shareholders of Videocon D2h.
As per the directions issued by the Honourable National Company Law Tribunal (NCLT), Mumbai Bench, a meeting of the Equity Shareholders of the Company was held today.
The company has already received approval from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for the proposed Scheme of Arrangement. The Competition Commission of India (CCI) has also approved the amalgamation of Videocon D2h into Dish TV.
The proposed transaction is subject to other necessary approvals.
About Dish TV India Limited:
Dish TV is Asia Pacific’s largest direct-to-home (DTH) company and part of one of India’s biggest media conglomerate – the ‘Zee’ Group. Dish TV has on its platform more than 615channels & services including 30 audio channels and over 67 HD channels & services. Dish TV leverages multiple satellite platforms including NSS-6, Asiasat 5, SES-8 and GSAT-15 which makes its total bandwidth capacity equal 846 MHz, amongst the largest held by any DTH player in the country. The Company has a vast distribution network of over 2,272 distributors & over 243,740 dealers that span across 9,431 towns in the country. Dish TV has thirteen 24* 7 call centres catering to 11 different languages to take care of subscriber requirement at any point in time. For more information on the company, please visit www.dishtv.in
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