Press Releases2010Jun 14, 2010
Dish TV to Restructure its Subsidiaries
Dish TV, India's largest Direct-to-home Company has announced today that the Board of Directors of Dish TV have resolved to implement business restructuring, which will include transfer of the non-DTH related Business of the Company into integrated Subscriber Management Services Limited (ISMSL) and merger of Agrani Satellite Services Limited (ASSL) with ISMSL pursuant to a Scheme of Arrangement. Both ISMSL and ASSL are wholly owned subsidiaries of Dish TV.
The restructuring plan will lead to sustainable improvements in financial performance of Dish TV and provide a sound starting point for a more efficient and customer-oriented business in the future.
This process of restructuring its subsidiary companies will allow Dish TV to deal decisively with its cost, to effectively restructure its operations and to narrow its strategic focus on its DTH business in an effective and timely manner. These actions are imperative so that the company can build on its core strengths and become the highly focused and financially sound leader in the fiercely competitive DTH industry.