Breaking News Videocon d2h becomes the First Indian DTH Firm to be listed on NASDAQ

aumnamonarayan

aumnamonarayan

EntMnt Contributor
Videocon d2h has started the year with a bang, with Nasdaq-listed Silver Eagle Acquisition Corp (SEAC) deciding to invest $300 million (Rs 1,900 crore) in it for a minority stake, valuing it at a whopping $1.2 billion.

As part of the agreement, the Indian direct-to-home TV service provider will list on Nasdaq. In exchange for the investment by SEAC, Videocon d2h will issue new stocks in the form of American depository shares.

Based in Mumbai, Videocon d2h is part of Venugopal Dhoot's $10-billion global conglomerate Videocon Group, which has interests in consumer electronics, oil & gas, power, retail and insurance.

As part of the transaction, SEAC's chief executive officer Harry Sloan and president Jeff Sagansky will join the board of the DTH company. Sloan had served as chairman and CEO of MGM in the past, while Sagansky was part of the top management of CBS and Sony Pictures.





$300-mn boost to Videocon d2h | Business Standard News
 
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IndianMascot

IndianMascot

Core Member
Brilliant news aumnamonarayan but it would be better if you follow the forum rules while sharing anything. This forum is not meant only for back linking.

You must post some excerpts from the article too.
 
aumnamonarayan

aumnamonarayan

EntMnt Contributor
Detailed Article


Eagle Acquisition Corp. (OTCQB: EAGL; EAGLU; EAGLW), founded by Harry Sloan and Jeff Sagansky, today announced that it entered into a transaction agreement on December 31, 2014 with Videocon d2h Limited, which will result in the first U.S.-listed Indian Pay-TV operator. In exchange for cash, the Company will receive new equity shares of Videocon d2h initially valued at no less than $303.7 million representing no less than 33.5% of the equity capital of Videocon d2h. The shares issued by Videocon will be represented by American Depositary Shares (ADSs) which will be distributed directly to Silver Eagle's stockholders.

Silver Eagle Acquisition Corp., Led By Harry Sloan And Jeff Sagansky, Announces Agreement With Videocon d2h, Creating Only US-Listed Indian Pay-TV Operator - Yahoo Finance
 
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aumnamonarayan

aumnamonarayan

EntMnt Contributor
IM Bro, can u tell me how to post part of the article like u did i n the first past post. I don't know the procedure as directly pressing copy thru right click on the concerned website will land me in trouble as it is a case of copyright infingement
 
Deepu

Deepu

EntMnt Legend
Finest Member
Videocon d2h to unload at least 33.5% to US firm Silver Eagle; list on Nasdaq

Videocon d2h will be the first Indian pay TV operator to be listed in the US. The direct-to-home (DTH) arm of $10-billion Videocon Group has agreed to dilute at least 33.5 per cent stake to US-based Silver Eagle Acquisition Corp (SEAC) for no less than $303.7 million.

The shares issued by Videocon will be represented by American Depositary Shares (ADSs) which will be distributed directly to SEAC’s stockholders. Videocon D2H will get listed on Nasdaq.

For the fiscal year ended 31 March 2014, and the six months ended 30 September 2014, Videocon d2h had approximately 27.7 per cent and 26.1 per cent, respectively, of the incremental market share of the DTH subscriber base in India.

Read more at: http://www.televisionpost.com/dth/videocon-d2h-to-unload-at-least-33-5-to-us-firm-silver-eagle-list-on-nasdaq/ | TelevisionPost.com
 
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