Dish tv expects to merge with Videocon d2h by October
- Thread starter Viacom123
- Start date
DashMajor
EntMnt Knight
When dishtv was signing for NGC Music then does they thought tat one day they will merge with d2h ?
Music Fan
EntMnt Contributor
DashMajor
EntMnt Knight
Deal will be sign whenever needed.
Music Fan
EntMnt Contributor
Dish TV and Videocon d2h are close to completing the merger process with the National Company Law Tribunal (NCLT) giving its approval. Dish TV will now seek approval from the Ministry of Information and Broadcasting (MIB).
The order of the NCLT will also be filed with the Registrar of Companies (RoC). The appointed date for the scheme of arrangement is 1 October 2017.
The GDR portion of the merged entity will be listed on the London Stock Exchange, a source said. The earlier plan was to list on the Luxembourg Stock Exchange in the form of GDRs.
The listing on the London Stock Exchange will coincide with the listing of the merged entity in India on the NSE and the BSE. Videocon d2h will be delisted on the Nasdaq. The Mumbai bench of NCLT has approved the scheme of arrangement amongst Videocon d2h and Dish TV India and their respective shareholders and creditors, Dish TV said in a regulatory filing.
The merged entity, to be named Dish TV Videocon, will create the largest DTH company in India and the second-largest in the world by subscribers, behind only DirecTV.
Read more at: http://www.televisionpost.com/dth/dish-tv-videocon-d2h-merger-gets-company-law-tribunal-nod-gdr-portion-of-merged-entity-to-list-on-lse/ | TelevisionPost.com
The order of the NCLT will also be filed with the Registrar of Companies (RoC). The appointed date for the scheme of arrangement is 1 October 2017.
The GDR portion of the merged entity will be listed on the London Stock Exchange, a source said. The earlier plan was to list on the Luxembourg Stock Exchange in the form of GDRs.
The listing on the London Stock Exchange will coincide with the listing of the merged entity in India on the NSE and the BSE. Videocon d2h will be delisted on the Nasdaq. The Mumbai bench of NCLT has approved the scheme of arrangement amongst Videocon d2h and Dish TV India and their respective shareholders and creditors, Dish TV said in a regulatory filing.
The merged entity, to be named Dish TV Videocon, will create the largest DTH company in India and the second-largest in the world by subscribers, behind only DirecTV.
Read more at: http://www.televisionpost.com/dth/dish-tv-videocon-d2h-merger-gets-company-law-tribunal-nod-gdr-portion-of-merged-entity-to-list-on-lse/ | TelevisionPost.com
