Breaking News Videocon D2H raises $325 million and listed on NASDAQ

[IndianMascot]

Videocon D2H, the satellite television arm of Videocon Group, will make its Nasdaq debut on Tuesday following the listing of $325 million (Rs 2,015 crore) worth of American depository receipts it sold to US-based Silver Eagle Acquisition Corporation.

The company, however, is awaiting the Indian market regulator's nod for an initial share sale on local bourses to raise up to Rs 900 crore.

In January this year, Videocon D2H signed a deal with Silver Eagle Acquisition Corp (SEAC), under which the US-based special purpose acquisition company bought about 33.5% stake in the company. The stake buy will allow SEAC's Chief Executive Harry Sloan and President Jeff Sagansky to come on the board of Videocon D2H.



Videocon D2H raises $325 million, listing on Nasdaq - The Economic Times

 

[Teufel]

So Videocon d2h is 33.5% American now.

 

[IndianMascot]

Yes. Finally d2h too got foreign funding and would soon start behaving like foreign company.

 

[Akash Modi]

D2H Finally Back on Track

 

[IndianMascot]

Videocon d2h is being listed at premium of 15-16%: Dhoot


Videocon d2h will be listed on Nasdaq. It will be the first Indian DTH player to be listed on the US stock exchange. US based Silver Eagle Acquisition Corp invested USD 303.7 million for 33.5 percent stake in the company. Speaking to CNBC-TV18, Venugopal Dhoot, MD, Videocon said the d2h segment is being listed at a premium of 15-16 percent. The EBITDA of the company currently stands at USD 96 million. A revenue growth of more than 20 percent is expected from Videocon d2h.


Videocon d2h is being listed at premium of 15-16%: Dhoot - Moneycontrol.com

 

[IndianMascot]

 

[aumnamonarayan]

Great Going by Videocon d2h. There are operators like Tata Sky who make fancy ads for products, services , channels and even interactive services thus increasing burden of prices on customers and then above all do not take policy decisions properly which results in customer again suffering.

I am quite sure that Tata Sky has been forced to upgraded bcoz they r facing tough competition from Videocon d2h which has done all things properly to serve customers and keep them happy

 

[IndianMascot]

Videocon d2h has become the 1st DTH of India to be listed in NASDAQ

 

[DashMajor]

Yes. Finally d2h too got foreign funding and would soon start behaving like foreign company.

They already implemented HD Access Fee

 

[Technoglitch]

and good hardware is needed for the completion.