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.
The Nasdaq-listed Silver Eagle Acquisition Corp (SEAC) has decided to invest USD 300 million in Videcon‘s direct-to-home arm Videocon d2h for a 33.5 percent stake.
Videocon d2h, part of the diversified Videocon Group, plans to list the American depositary shares, which will be issued to Silver Eagle, on the Nasdaq stock exchange, the companies said. Videocon d2h had earlier filed papers with the Indian market regulator for a local listing.