IndianMascot
Core Member
Subhash Chandra-owned Dish TV, the leading direct-to-home (DTH) television services provider, has received approval of its shareholders to raise $200 million through issue of equity to fund expansion and growth of the highly capital intensive business.
Dish TV will consider raising the amount through issue of equity or convertible bonds in the domestic or overseas market. If it decides to raise the money through a qualified institutional placement (QIP), the company may consider offering a discount of up to 5 per cent of the price to QIP investors.
The requirement for capital investments is also high now considering the shift to digital delivery of television channels across the country by December 2014. The government has implemented the first phase of digitization effective 1 November in Mumbai, Delhi and Kolkata and in Chennai, a decision is expected soon by the Madras High Court. The second phase of digitization covering 38 cities is effective 31 March.
Click Here for Details . .
Dish TV will consider raising the amount through issue of equity or convertible bonds in the domestic or overseas market. If it decides to raise the money through a qualified institutional placement (QIP), the company may consider offering a discount of up to 5 per cent of the price to QIP investors.
The requirement for capital investments is also high now considering the shift to digital delivery of television channels across the country by December 2014. The government has implemented the first phase of digitization effective 1 November in Mumbai, Delhi and Kolkata and in Chennai, a decision is expected soon by the Madras High Court. The second phase of digitization covering 38 cities is effective 31 March.
Click Here for Details . .