Dish TV & Videocon d2h Merger Updates

[Sarkar]

Insolvency is nothing but to calculate the debts of Videocon group and pay it,Dishtv has no problem of money,they will calculate and solve it,and once again merging process starts,Dishtv will not leave it easily I think,so situation is wait and see for another few months,till then d2h might change LCN's,do agreement with broadcasting, future plans etc

Who will pay the debt ? It's clear Videocon is unable to pay 29,000 crore. Are you saying Dish will pay 29,000 crore from his own pocket ?

 

[Amit1079]

Who will pay the debt ? It's clear Videocon is unable to pay 29,000 crore. Are you saying Dish will pay 29,000 crore from his own pocket ?

Then what's the meaning of article, may b I misunderstood, pls clarify me

 

[Amit1079]

Yes I thought Dishtv will pay?? Then who??

 

[Sarkar]

Yes I thought Dishtv will pay?? Then who??

Bro it's not Rs 29,000 (twenty nine thousand only), there is a crore at the end of that figure

I think DishTv total valuation 6000 crore, how can you expect them to pay 5 time of their valuation

 

[Amit1079]

Then who will pay,there may b some solution of insolvency

 

[Anup Tiwari]

I think we should wait Marger will come. Because dish tv know about condition of d2h

 

[iphifi]

Dish's statement:

“It has come to our knowledge that certain entities belonging to the Videocon group, including the promoters of Videocon d2h Ltd, have become subject to insolvency and/or enforcement proceedings by lenders. In light of the foregoing, the company is evaluating if there is any impact of the same on its rights and obligations under the definitive agreements and consequential effects on the transactions contemplated thereunder.”

What it means is they are looking if any of D2H's property was used as collateral by the Videocon promoters. It does not mean DishTv is acquiring any debt from other Videocon companies. The whole sale of D2H promoter shares was to finance payment of debt in their other companies. D2H is not in debt crisis only the previous promoter is under insolvency and for that they were selling their shares to DishTV. The current issue for Dish is to ensure all D2H assets are free from any previous commitments.

 

[Amit1079]

Yes bro u r absolutely right, so merger will continue without hesitation

 

[ShivRaj]

Yes bro u r absolutely right, so merger will continue without hesitation

bro why you are not purchasing new dth insted of wating for new channels and your merging process.

 

[Amit1079]

bro why you are not purchasing new dth insted of wating for new channels and your merging process.

No never,because LTR,next year Aug last date,I have faith in Dishtv Videocon