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Monday, May 29, 2017

CCI approves Dish TV Videocon D2H merger

Zee Group's direct-to-home (DTH) service arm Dish TV has got clearance from the Competition Commission of India (CCI) for its proposed merger with Videocon Group's DTH arm Videocon d2h.

"The CCI has intimated the company that it in its meeting held on May 4, 2017, considered the proposed combination and has accorded its approval to the said combination," the company said in a statement.
CCI approves Dish TV Videocon D2H merger

It has already received approval from the Securities and Exchange Board of India (Sebi), the National Stock Exchange (NSE) and the BSE for the merger.

The merged entity will be renamed as Dish TV Videocon Ltd.

In November, the boards of Dish TV and Videocon d2h had approved the scheme of amalgamation in consideration for new stock issuance by Dish TV to the shareholders of Videocon d2h.

Source/Courtesy: EconomicsTimes (Read Full Story)

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