The board of directors of direct-to-home (DTH) television operator Dish TV has approved a scheme of arrangement for an all-stock merger with Videocon d2h.
The combined entity, which will be called Dish TV Videocon, would be the largest cable and satellite distribution platform in India, with an estimated value of around ₹170 billion (US$2.5 billion).
Dish TV, which is listed on the National Stock Exchange and the Bombay Stock Exchange, is Asia Pacific’s largest DTH company. Videocon d2h, which has American depository receipts listed on Nasdaq, is India’s fastest growing DTH service provider.
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