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The National Company Law Tribunal today approved merger of satellite TV service providers Dish TV and Videocon D2h, paving the way for creation of country's largest direct-to-home service provider.
"Dish TV India Limited is glad to announce that the Mumbai Bench of Hon'ble National Company Law Tribunal (NCLT), at a hearing held today has approved the scheme of arrangement amongst Videocon D2h Limited and Dish TV India Limited and their respective shareholders and creditors," Dish TV said in a regulatory filing.
The merged entity would have a subscriber base of over 27.2 million, creating the largest DTH service provider in the industry.
Company Law Tribunal Approves Dish TV-Videocon D2h Merger – NDTV Profit
"Dish TV India Limited is glad to announce that the Mumbai Bench of Hon'ble National Company Law Tribunal (NCLT), at a hearing held today has approved the scheme of arrangement amongst Videocon D2h Limited and Dish TV India Limited and their respective shareholders and creditors," Dish TV said in a regulatory filing.
The merged entity would have a subscriber base of over 27.2 million, creating the largest DTH service provider in the industry.
Company Law Tribunal Approves Dish TV-Videocon D2h Merger – NDTV Profit