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Videocon D2H to sell 33.5% stake

superdudebuddy

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Videocon D2H to sell 33.5% stake to US-based SEAC for $300 million

Videocon d2h, part of the diversified Videocon Group, plans to list the American depositary shares, which will be issued to Silver Eagle, on the Nasdaq stock exchange.

Videocon d2h Ltd has agreed to sell shares worth up to $375 million to U.S.-based Silver Eagle Acquisition Corp and the proceeds will be used to expand its services.
Silver Eagle will own between 33.5 percent and 38.6 percent of Videocon d2h for $300 million to $375 million, the two firms said in a statement late on Monday.

The deal will result in the listing of the Indian company in the United States.
Videocon d2h, part of the diversified Videocon Group, plans to list the American depositary shares, which will be issued to Silver Eagle, on the Nasdaq stock exchange, the companies said. Videocon d2h had earlier filed papers with the Indian market regulator for a local listing.

Billionaire Venugopal Dhoot, Chairman of the Videocon Group that has interests in consumer electronics, telecoms and power, said the deal with Silver Eagle would give the satellite TV arm capital for development and expansion of its services.

Videocon d2h distributes more than 500 digital TV channels and other video and audio services via direct satellite feeds

Videocon d2h to sell stake worth up to 5 mn to US firm Silver Eagle | The Financial Express

Videocon D2H to sell stake to US-based SEAC

D2H service provider Videocon to sell 33.5% stake to US-based SEAC for 0 million - The Economic Times
 

SarfaRaZ

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Good Share Buddy Bro :tup
 

sam

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Good update bro....
 

ayanc99

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Finally the monies come in. Now hopefully they can increase space and add more hd channels and become the no.1 hd platform in the country.
 

supermachi

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they cant run the business and selling

how its good news?
 

M.J.Sadiq

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supermachi said:
they cant run the business and selling

how its good news?
They want to run the business and that is why selling the stakes. Investment is now from another party as well. So, we can expect more money to come in which will give us more benefit.

Reverse is also possible but let us expect in the positive side. After all, this news is nothing to us. Whoever is investing, we want benefit for us.

..
 
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