D2H players entered into a settlement in November 2016
December 18, 2017 05:05:00 AM | Article | India Group Marketing Campaign
Dish TV India has submitted receipt of final approval required in India to merge with Videocon d2h
After merging, the mixed entity will be renamed Dish TV Videocon.
Parallel press release of Dish TV, the mixed entity will serve over 2.9 crore subscribers in India as per its mixed quota on September 30, 2017.
Jawahar Goel, CMD, Dish TV India stated, “It has been a long journey as to announcing the settlement between 2 companies 12 months back. We would like to thank the Ministry of Data and Broadcasting, and the Corporate Legislation Tribunal Nationally, Competitors Fee in India, Securities and Change Board of India, Stock Exchanges and all the various stakeholders to show their faith in us. I would also like to express our gratitude to our shareholders for standing with us on the transaction and our belief that we will take the hybrid entity to the next degree.”
Anil Dua, Group CEO Dish TV India, “Collectively, Dish TV and Videocon d2h will write a historical past as we embark on this journey to delight our “29 million and growing” buyer base. It is an exciting approach forward as we get this opportunity to capitalize on the strengths of our J the two institutions. I am truly assured of the desire to have a formidable combination of these two capable groups who will for the time being collectively work towards common goals imaginative, scientific, and customary.
Dish TV has appointed Aon, Deloitte and PwC as consultants to handle the challenge For this receipt, the companies entered into this settlement in November 2016. The scheme will change to become effective in the coming weeks, upon submission of an order by the National Companies Legislation Court approving the scheme, by both Vd2h and Dish TV, with the Registrar of Companies, Maharashtra.