Tribune News Service
New Delhi, March 22
Dish TV India Limited (Dishtv) today announced the completion of the merger of Videocon d2h Limited with it in what can seen as consolidation in the Direct-To-Home industry.
A meeting of the Board of Directors of the company is scheduled for March 26 to inter alia consider and initiate necessary incidental actions in relation to the scheme of arrangement for amalgamation of Videocon D2h Limited with Dish TV India Limited.
The merger paves the way for the creation of the largest listed media company in India taking into consideration the last reported full-year revenue and EBITDA numbers of the two DTH players on a pro forma basis. Dish TV and Videocon D2h reported separate revenue and EBITDA numbers which at a pro forma level added up to Rs 60,862 million and Rs 19,909 million, respectively, for FY17.
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