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Dish TV receives CCI approval for amalgamation of Videocon D2H into Dish TV

Dish TV receives CCI approval for amalgamation of Videocon D2H into Dish TV

Author | exchange4media News Service | Wednesday, May 10,2017 2:07 PM

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Dish TV receives CCI approval for amalgamation of Videocon D2H into Dish TV

DishTV India has announced that it has received approval of the Competition Commission of India (CCI) for the proposed Scheme of Arrangement for amalgamation of Videocon D2h into DishTV in consideration for new stock issuance by DishTV to the shareholders of Videocon D2h.

The company has already received approval from the Securities and Exchange Board of India (SEBI), National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for the proposed Scheme of Arrangement.

Further, as per the directions issued by the Honorable National Company Law Tribunal (NCLT), Mumbai Bench, a meeting of the Equity Shareholders of the Company has been convened on Friday, May 12, 2017 to obtain shareholders approval for the aforementioned scheme.

The proposed transaction is subject to other necessary approvals.

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