The merger, which was approved by the board of both the companies in November 2016, has been going through various approval processes, including from Ministry of Information and Broadcasting, NCLT and the Competition Commission of India.
The Essel group company, in a regulatory filing, said that "it now intends to take further steps for effecting the said merger".
The proposed merger between Dish TV and Videocon d2h has already received regulatory approvals from the Ministry of Information and Broadcasting, NCLT and from the Competition Commission of India.
The new merged entity will be named as Dish TV Videocon, wherein the billionaire Subhash Chandra's Essel Group will own 55.4 percent and the rest is held by Dhoot brothers-owned Videocon.
The US-based firm, which is up against strong competition from rivals like Amazon Prime, HotStar and others in the Indian market, is investing aggressively in local content.
M&A activity in the media and entertainment sector registered 56 deals with cumulative disclosed value of USD 1.8 billion in 2016 and upturn in M&A may continue in the first half of 2017, a report said today.
Videocon Group's DTH arm Videocon d2h will merge with Essel Group-owned Dish TV in an all share deal to create a new entity -- Dish TV Videocon Ltd.
Discussing the merger in detail, Saurabh Dhoot, Executive Director, Videocon told CNBC-TV18 that Jawahar Goel, Managing Director, Dish TV would be leading the combined entity.
Videocon d2h (NASDAQ, USA: VDTH), India’s fastest growing DTH service, today announced its association with the CSC eGovernance ...
Watch Big Deal to know what brought Tree House & Zee Learn together, What HDFC Life and Max India's merger exercise will entail, SBI's announcement to merge 6 smaller banks with itself and the proposed merger between Dish TV and Videocon D2H.
Synergy will arise from the increase in Dish TV's subscriber base due to the merger. With the combined subscriber base of around 27 million, Dish TV's bargaining power with respect to content cost negotiation with the broadcaster increases as it can avail volume based discounts, says Manoj Behera of PhillipCapital.
Videocon d2h, India’s fastest growing DTH service has added an English News Channel Z WION (Ch No. 367). The new channel launches continue to ...
Sources tell CNBC-TV18 it is likely to be a cash and share-swap deal and will be used to pay off lenders of debt-laden Videocon D2H.
Mr. Saurabh Dhoot, Executive Chairman, Videocon d2h said, "I am delighted at our strategic tie-up with Vodafone to enable recharge using their well established m-pesa digital wallet and at the Vodafone outlets. It will give our customers an easy and powerful way to recharge their d2h account at their convenience."
Direct-to-Home service provider Dish TV is looking to add up to 1.7 million net subscribers this fiscal, according to a top company official.
Videocon's executive director Saurabh Pradipkumar Dhoot says the capital raised is more than enough to support its growth and capital expenditure plans for the next few years. He expects the company to be cash and PAT positive by the end of this year.
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.
Apart from IPL, Videocon d2h is principal sponsorship of Indian Super League team FC Goa and Hockey India League team Dabang Mumbai.
Videocon D2H Ltd, the satellite television arm of Videocon Group, wrote to Sebi about the issue on February 9, requesting to keep the processing in abeyance.
Market regulator Sebi has sought fresh clarifications from the merchant banker of Videocon d2h Ltd, the satellite television arm of Videocon Group, regarding its proposed Rs 700-crore initial public offer (IPO).
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.
Silver Eagle will own between 33.5 percent and 38.6 percent of Videocon d2h. The deal will result in the listing of the Indian company in the United States.
Indian companies have lined up initial public offers (IPOs) worth at least Rs 8,000 crore in 2015 to fund business expansion and meet working capital requirements on expectations that the bullish trend in the stock markets would continue.
Besides, the regulator has sought clarification or additional information from the merchant bankers of some of the firms.
To keep up with the demand for HD viewing and enhanced entertainment, Videocon d2H has announced the new Zee TV HD for its customers. With this new inclusion,