Breaking News Videocon D2H merged with Dish TV
- Thread starter IndianMascot
- Start date
Ajai
EntMnt Addicts
There is no chance to move ST2 88*E satellite to 95*E. because Not only videocon uses this sat, there are other dths also using this same sat.
DashMajor
EntMnt Knight
But still both DTH will keeps on running in different operations till it get merged completely in next few years.
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Orbital slots are owned by satellite operators and there is no way ST2 will move to 95E, unless SES which owns 95E agree to it
That will take its own time, but end of the day both will become single entity
DashMajor
EntMnt Knight
IndianMascot
Core Member
IndianMascot
Core Member
BSE said on Friday it planned to merge with rival Videocon d2h Ltd to create a new company with net subscribers of 27.6 million, strengthening its lead in India's fast-growing direct-to-home (DTH) operator market.
Dish, the first DTH provider, said the combined entity will be named Dish TV Videocon Ltd with Jawahar Lal Goel as chairman and managing director. It will have a revenue of about 59.16 billion rupees ($879.11 million).
Following the merger, Dish shareholders will own 55.4 per centof the new company, with the remaining stake going to Videocon shareholders, Dish said in a statement.
The new entity will issue 857.791 million shares, and Videocon shareholders will have 2.021 shares of the combined firm for each share held in Videocon, Dish added.
ET
Dish, the first DTH provider, said the combined entity will be named Dish TV Videocon Ltd with Jawahar Lal Goel as chairman and managing director. It will have a revenue of about 59.16 billion rupees ($879.11 million).
Following the merger, Dish shareholders will own 55.4 per centof the new company, with the remaining stake going to Videocon shareholders, Dish said in a statement.
The new entity will issue 857.791 million shares, and Videocon shareholders will have 2.021 shares of the combined firm for each share held in Videocon, Dish added.
ET
IndianMascot
Core Member
Post completion, the merged entity will be renamed as Dish TV Videocon Limited. Current Dish TV MD Jawahar Goel will head the new company as chairman and managing director.
Vd2h principals will have the right to nominate two directors on the Dish TV Videocon Board, one of whom will be be Vice Chairman and the other a Deputy Managing Director.
The combined entity would have revenue of Rs. 5,915.8 crore and EBITDA of Rs. 1,826.2 crore for the fiscal year ended March 31, 2016.
Upon closing of the Proposed Transaction, Dish TV Videocon will continue to be listed on the National Stock Exchange of India and the BSE Limited in India and on the Luxembourg Stock Exchange in the form of GDRs.
In the Scheme, holders of Vd2h ADRs will receive their new shares in the form of GDRs, unless they elect to receive and hold new shares directly.
Morgan Stanley is acting as exclusive financial advisor to Dish TV and YES Securities Limited is acting as lead financial advisor to Vd2h.
ET
Vd2h principals will have the right to nominate two directors on the Dish TV Videocon Board, one of whom will be be Vice Chairman and the other a Deputy Managing Director.
The combined entity would have revenue of Rs. 5,915.8 crore and EBITDA of Rs. 1,826.2 crore for the fiscal year ended March 31, 2016.
Upon closing of the Proposed Transaction, Dish TV Videocon will continue to be listed on the National Stock Exchange of India and the BSE Limited in India and on the Luxembourg Stock Exchange in the form of GDRs.
In the Scheme, holders of Vd2h ADRs will receive their new shares in the form of GDRs, unless they elect to receive and hold new shares directly.
Morgan Stanley is acting as exclusive financial advisor to Dish TV and YES Securities Limited is acting as lead financial advisor to Vd2h.
ET
DashMajor
EntMnt Knight
Why they calling dishtv videocon ltd ? Does dishtv bought entire Videocon Group ?
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