Ready for digitisation, high definition: Dish TV

Dish TV plans to raise USD 200 million from overseas investors. The company is in the second step to get statutory approvals and made an application to Foreign Investment Promotion Board (FIPB).

Speaking to CNBC-TV18, RC Venkatesh, chief executive officer, Dish TV says that in the event they have to deploy additional capital for digitisation and the high definition technology. "We should be in a position to do it in short notice since this entire procedural thing is a long winded exercise," he added. Below is the edited transcript of the interview. Also watch the accompanying video. Q: What exactly the fund raising plans are and why you have chosen to do this because in our previous interactions you had indicated that Dish TV was not keen on doing any more capital raising?
A: About three quarters back we had an enabling provision approved at the board which allowed us to raise up to USD 200 million. This is second step in the process as fund raising activity by any company is a lengthy process.
The second step, is statutory approvals and we have made an application to FIPB.
We have maintained capital and continue to do so for ongoing business as we expect it to turn positive by Q4FY12 or Q1FY13 . We would not require capital to manage the business as going on current basis.
 It is prudent for a company to be well positioned to take advantage of any opportunity if required. At this particular point of time, we haven