Videocon d2h Ltd, the satellite television arm of Videocon Group, will have to file a new draft prospectus for an initial public offering in domestic markets after fund raising via American depositary shares (ADS), Saurabh Dhoot, director of the company, told Reuters.
Videocon d2h agreed to sell ADS worth up to USD 375 million to US-based Silver Eagle Acquisition Corp in January, which would get listed on Nasdaq stock exchange on Tuesday.
That means the company has to file a new application after filing one in October 2014 to raise up to 7 billion rupees (USD 113.3 million).
"We would have a market cap of close to USD 1.2 bln and an enterprise value of USD 1.5 billion after Nasdaq listing," Dhoot added.
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