DTH shares rally on no extension of June 30 deadline

The Information and Broadcasting ministry has also asked for a weekly report on progress from all stakeholders.

However, sources told CNBC-TV18 that there could be just a 30-40 day delay instead of the earlier speculation of a six-month extension for digitization.

On Friday, the ministry reviewed preparations for digitization and heard the views of broadcasters, multi-system operators (MSOs), local cable operators (LCOs), representatives of consumers' rights organizations among others.

The cable operators and MSOs pointed out that only about 30% of the set-top boxes had been placed in four metros — Delhi, Mumbai, Kolkata and Chennai.

Sources said that some stakeholders expressed difficulties in meeting the digitization requirements.

Sources said that all broadcasters, MSOs, LCOs had been asked to file their grievances. They were also asked to submit a report on work that has been done so far.

The stakeholders have been asked to give a detailed feedback by June 11. This will then be discussed in the meeting of Task force on digitization on June 15.

Den Networks touched an intraday high of Rs 101.90 and an intraday low of Rs 97.25. At 13:30 hrs the share was quoting at Rs 101.15, up Rs 4.50, or 4.66%. It was trading with volumes of 16,603 shares.

Wire and Wireless (India) touched an intraday high of Rs 9.95 and an intraday low of Rs 9.62. At 13:29 hrs the share was quoting at Rs 9.81, up Rs 0.21, or 2.19%. It was trading with volumes of 111,071 shares.

Dish TV India touched an intraday high of Rs 60.35 and an intraday low of Rs 58.60. At 13:30 hrs the share was quoting at Rs 59.90, up Rs 1.45, or 2.48%. It was trading with volumes of 265,480 shares.