We would also like to refer to our subsequent communication dated January 11, 2018
wherein we had intimated that it had come to the knowledge of the Company t hat
certain entities of the Videocon group had become subject to insolvency and/or
enforcement proceedings by lenders and t hat the Company was evaluating whether
there is any impact of t hese development on its rights and obligations pursuant t o and in
connection with, the Scheme. Upon evaluation of the above circumstances by the
Advisors to the Scheme, the Company shall be taking necessary steps for completion of
the Scheme.
In view of the above, we would like to inform you that the Company now intends to take
further steps for effecting the said merger.
Source :
https://www.dishtv.in/Pages/Investor/Investor-Updates.aspx