Dish TV to consider fundraising on 17th February

Dish TV to consider fundraising on 17th February

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Essel Group owned Direct-to-Home (DTH) company Dish TV India Limited is set to consider fundraising in a board meeting next week. The company yesterday in a regulatory filing notified the board meeting to be held on 17th February 2021.

The board will consider the proposals for fund raising through equity or equity linked instruments, debt instruments, or through any other instrument or security including convertible into capital, through permissible modes including but not limited to a preferential issue, qualified institution placement, rights issue, further public offer or any other such permissible modes as may be recommended and approved by the Board in one or more tranches or series subject to consents and regulatory and statutory approvals as may be required.

In accordance with ‘Insider Trading Code 2015’ of the Company for Prohibition of Insider Trading and pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time, the ’Trading Window’ for dealing / trading in the equity shares of the Company, shall remain closed with effect from February 8, 2021, for consideration on the above matter by the Board. The exchange shall be intimated of the date of opening of the Trading Window,” added Dish TV in its regulatory filing.

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