Dish TV India Successfully Completes Merger With Videocon d2h

Finally, the merger of Dish TV India and Videocon d2h has completed today. For the unaware, the DTH service providers announced a merger way back in November 2016, but today, the NCLT Mumbai bench approved the merger, paving the way for India’ second largest DTH service provider- Dish TV Videocon with over 29 million subscribers under its belt. A meeting of the Board of Directors of the company is scheduled to be held on March 26, 2018, to inter alia consider and initiate necessary incidental actions in relation to the Scheme of Arrangement for Amalgamation of Videocon d2h Limited into and with Dish TV India Limited said a release issued today by Dish TV.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

dishtv-videocon-d2h-merger

“Accordingly, post completing all the steps pursuant to the aforementioned Scheme read with the NCLT Order, Videocon d2h Limited has merged into and with Dish TV India Limited on March 22, 2018, which is the Effective date of the Scheme,” further added the release.

Mr. Jawahar Goel, CMD, Dish TV India Limited, said, “We are extremely pleased to announce that the D-Day is finally here. Today, Videocon d2h Limited and Dish TV India Limited have become one entity. This amalgamation positions the new entity for exceptional future growth and profitability and puts on us the responsibility to lead the DTH industry in India to the next level.”

Goel also thanked the Ministry of Information and Broadcasting, the National Company Law Tribunal, the Competition Commission of India, the Securities and Exchange Board of India, the National Stock Exchange of India Limited, BSE Limited, NASDAQ and all other stakeholders for showing their trust in the merger and providing them with the necessary approvals.