Thakur
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MUMBAI: It is IPO time for media companies. After Shemaroo Entertainment successfully launched its public float and Ortel filed with market regulator Securities and Exchange Board of India (SEBI), itis Videocon d2h (earlier Bharat Business Channel Ltd) which has decided to join the bandwagon.
The direct-to-home (DTH) company has once again filed draft red herring prospectus (DRHP) with SEBI to raise up to Rs 700 crore (Rs 7 billion) via initial public offering (IPO).
Out of the issue proceeds, the company intends to use Rs 350.8crore (Rs 3.51 billion) to fund expenditure towards acquisition of set-top boxes, outdoor units and accessories; Rs 175 crore (Rs1.75 billion) for repayment/prepayment of certain debt; and Rs 175 crore (Rs 1.75 billion) for general corporate purposes
http://www.televisionpost.com/dth/videocon-d2h-files-for-ipo-to-raise-rs-700-crore/
The direct-to-home (DTH) company has once again filed draft red herring prospectus (DRHP) with SEBI to raise up to Rs 700 crore (Rs 7 billion) via initial public offering (IPO).
Out of the issue proceeds, the company intends to use Rs 350.8crore (Rs 3.51 billion) to fund expenditure towards acquisition of set-top boxes, outdoor units and accessories; Rs 175 crore (Rs1.75 billion) for repayment/prepayment of certain debt; and Rs 175 crore (Rs 1.75 billion) for general corporate purposes
http://www.televisionpost.com/dth/videocon-d2h-files-for-ipo-to-raise-rs-700-crore/
