Videocon d2h listing in Nasdaq today - time for some channel addition

  • Thread starter Thread starter ayanc99
  • Start date Start date
  • Replies Replies: Replies 15
  • Views Views: Views 5,009
A

ayanc99

Member
Joined
28 Oct 2013
Messages
1,165
Reaction score
428
Shares in Videocon Industries surged over 7 per cent to an intraday high of Rs 161.95 on Tuesday as its satellite television arm will be listed on Nasdaq later in the day.
Videocon d2h Ltd, the satellite television arm of the Videocon Group, will get list on NASDAQ today.

Analysts say Videocon Industries will get a valuation boost due to the listing of the group's satellite television arm.

Videocon Industries has raised $325 million through issue of American Depository Receipts (ADRs). The company will use the funds to reduce its debt.

As of 10.21 a.m. shares in Videocon Industries traded 4.73 per cent higher at Rs 158.20 apiece, outperforming the broader Nifty, which was up 0.20 per cent.

Source: NDTV

Videocon Industries Surges Ahead of Satellite Television Arms Nasdaq Listing - NDTVProfit.com
 
Videocon d2h with $1.15 bn market cap set to become most valued Indian co. on NASDAQ

MUMBAI: Videocon d2h has closed the IPO process and is getting listed on NASDAQ, issuing American Depositary Receipt (ADR) worth $325 million to the public with current market cap of $1.15 billion.
 
Videocon d2h IPO has created several milestones by becoming the first Indian private company since the year 2000 to list overseas, largest Indian IPO in US since 2007 and first sizeable Indian listing on US exchanges since 2010, clearly indicating the renewed global focus on India. The IPO has caught the attention of Top US funds with several multi billion dollar funds investing into the IPO.
 
At expected market cap of $1.15 billion, Videocon d2h will become the most valued Indian company on Nasdaq.
 
Videocon d2h managing director Saurabh Dhoot said, “Our listing on the NASDAQ Stock Exchange is a major corporate milestone for the entire Indian media industry not just Videocon d2h and a testament to the tremendous progress we have made under the Digital India vision of our Hon’ble Prime Minister. This is the success of thousands of Videocon d2h employees working tirelessly and our customers who believed in our brand, product and services. We have just begun.”

http://www.indiantelevision.com/dth/dth-operator/videocon-d2h-with-115-bn-market-cap-set-to-become-most-valued-indian-co-on-nasdaq-150331
 
RE: Videocon d2h with $1.15 bn market cap set to become most valued Indian co. on NASDAQ

PbA6mfr.jpg
 
India’s Videocon Lists On Nasdaq Via Deal With Sloan & Sagansky’s Silver Eagle

India’s fastest-growing direct-to-home pay-TV provider, Videocon d2h Limited, has completed its initial listing on the NASDAQ through a transaction with Silver Eagle Acquisition Corp, the acquisition vehicle formed by media executives Harry Sloan and Jeff Sagansky. Silver Eagle contributed about $273.3M to Videocon in exchange for stock distributed to Silver Eagle’s investors. That makes this one of the largest investments by a U.S. entity in Indian media. Public trading of the Videocon American Depository Shares began today under the ticker VDTH.

Jeff Sagansky And Harry Sloan Plan Public Offering For Silver Eagle Acquisition Corp. At open, the approximately 37.75M shares issued to Silver Eagle stockholders were valued at about $453M based on the opening price of $12 per ADS.

The fast-growing Indian economy is creating new pay-TV households throughout the country with Mumbai-based Videocon leading the industry in active new subscriber growth for the last four years. The company, which began operations in 2009, distributes over 500 digital TV channels and other video and audio services to about 13M subscribers via direct satellite feeds. It is the first satellite TV service in India to roll out the 4K format and is the only pay-TV operator which runs its own service centers.

Silver Eagle’s management team has experience in the sector. Sloan is the former CEO of MGM Studios. During his tenure, he operated the MGM channel in India as well as MGM themed channels in several other global markets. He was also the founder, Chairman and CEO of SBS Broadcasting. Formerly co-President of Sony Pictures Entertainment, Sagansky was responsible for the international build-out of Sony channels, including in India and the AXN channels in Asia. Sony, Viacom and Fox are active in the channels and content business in India. Both Sloan and Sagansky are expected to join the board of Videocon d2h.

Sagansky noted that most recent investments in Indian media have focused on content, “But the powerful Videocon d2h platform can participate in sector growth in multiple ways including subscriber growth, advertising and channel creation.” The Indian pay-TV industry is the fastest-growing in the world and Videocon offers the most channels of the six players in the relatively young satellite market. Silver Eagle is banking on that growth continuing.

Sagansky says about 84% of the country’s TV owners subscribe to pay-TV and with about 100M homes that have yet to purchase their first sets, there is significant room to grow. But, “above and beyond the growth of subcribers, we think this is going to be a great platform for advertising and content.”

India’s Videocon Lists On Nasdaq Via Deal With Sloan & Sagansky’s Silver Eagle | Deadline
 
RE: India’s Videocon Lists On Nasdaq Via Deal With Sloan & Sagansky’s Silver Eagle

already posted bro
 
6 More Posts...
Back
Top Bottom