Dish TV & Videocon d2h Merger Updates

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The board of Dish TV has considered and approved the transfer of Videocon’s infra support undertaking to subsidiary Dish Infra Services at a meeting, the company said.

The board of the company has approved the sale/transfer, subject to Shareholder's approval, of the 'Infra Support undertaking' (including set top boxes, dish antenna, and related services etc.) to Dish Infra Services Private Limited on a going concern basis, said the company in a BSE filing on Thursday post market hours.

Dish Infra Services is a wholly-owned subsidiary of the company.

Dish TV India was trading at Rs 78.15 per share, up by Rs 4.30 or 5.82% as at 0923 hours on Friday, on the BSE as against its previous close of Rs 73.85.
Source:https://www.indiainfoline.com/artic...ra-support-to-subsidiary -117081800320_1.html
 
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Dish TV to take 'further steps' for merger with Videocon


Dish TV India said it will take further steps towards its merger with Videocon d2h, following the approval from the Ministry of Information and Broadcasting.The company WILL be taking further steps for effecting the said merger and accordingly, the companies involved in the scheme will be file the relevant intimations/E-Forms with the Registrar of Companies, the corporate affairs ministry and other regulatory forums on or about December 27, which will be the effective date for the Scheme, Dish TV India said in a regulatory filing.The Ministry of Information and Broadcasting, vide its communication dated December 15, 2017, had accorded the necessary approval for the Scheme of Arrangement for Amalgamation of Videocon D2H Limited into and with Dish TV India Limited.This paves way for the creation of the largest listed media company in India, taking into consideration the last reported revenue and EBITDA numbers of the two DTH players on a proforma basis, Dish TV India had said earlier.


Dish TV to take 'further steps' for merger with Videocon
 
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