Press Releases2017May 11, 2017
DishTV India Limited receives Competition Commission Approval for Proposed Amalgamation of Videocon D2H into Dish TV
DishTV India Limited (DishTV) (BSE: 532839, NSE: DISHTV) is pleased to announce receipt of 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.