DTH

Dish TV announces fresh Videocon d2h Nasdaq delisting date

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/04/06/ideocon.jpg?itok=bDJMQ1um

BENGALURU: Dish TV India Limited (Dish TV), as successor to Videocon d2h, announced a revised timetable for the anticipated delisting of Videocon d2h American depositary shares (ADSs) from the Nasdaq Global Market (Nasdaq). The timing of the global depositary shares (GDS) effective date (as defined below) has been revised and will no longer occur on 5 April 2018.

A Dish TV filing says that it is intended that the Videocon d2h ADSs will be voluntarily delisted from Nasdaq following the close of trading on 11 April 2018. As such, the last day of trading of Videocon d2h ADSs on Nasdaq is expected to be on 11 April 2018 and the delisting of the Videocon d2h ADSs from Nasdaq is expected to take effect on 12 April 2018. As soon as practicable following the effectiveness of the delisting from Nasdaq, Dish TV will file a Form 15F with the SEC to deregister with the US Securities and Exchange Commission and terminate its reporting obligations under the SEC Act of 1934. It is currently anticipated that, subject to approval by the UK Listing Authority, the new Dish TV GDRs issued in exchange for the Videocon d2h ADSs will be admitted to trading on the Professional Securities Market of the London Stock Exchange plc on or about 13 April 2018.

As per the second updated mandatory Exchange notice, effective as of 12 April 2018 (the GDS Effective Date):

(i) all outstanding equity shares of Videocon d2h as of the scheme effective date, including equity shares underlying Videocon d2h ADSs, will be mandatorily exchanged for new equity shares of Dish TV. In such mandatory exchange, 857,785,766 new equity shares of Dish TV will be issued in exchange for the outstanding equity shares of Videocon d2h as of the scheme effective date. The number of outstanding equity shares of Videocon d2h as of the scheme effective date was 424,997,937. Accordingly, the share exchange ratio will be 857,785,766 divided by 424,997,937 (the share exchange ratio), which is approximately 2.01832925 new equity shares of Dish TV for every 1 equity share of Videocon d2h (rounded to eight decimal places);

(ii) holders of Videocon d2h ADSs will be entitled to receive on a mandatory basis such number of new Dish TV GDS  that equals the share exchange ratio multiplied by four, which is approximately 8.07331699 new Dish TV GDSs for every 1 Videocon d2h ADS (rounded to eight decimal places).

Also Read:

Videocon d2h delists from NASDAQ, merger with Dish TV likely on 22 March

Dish TV re-evaluating Videocon d2h merger

Videocon d2h, Dish TV merger comes to fruition

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/15/DD-Free-Dish-Story.jpg?itok=qXFCtN9m
38th DD Free Dish e-auction on 11 February: Key highlights of revised policy

The Prasar Bharati Board on Tuesday gave a green signal to e-auctioning of DTH slots on DD Free Dish.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/11/tata-sky.jpg?itok=2_DzmGLJ
TATA Sky ShortsTV acquires much acclaimed short films from Terribly Tiny Tales

TATA Sky ShortsTV, the world’s only TV channel dedicated to short films, has acquired 18 shorts from Terribly Tiny Tales (TTT).

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/10/india.jpg?itok=VL5LzIy-
IndiaCast issues disconnection notice to Independent TV

MUMBAI: Viacom18 and TV18’s distribution arm IndiaCast has issued a disconnection notice to direct-to-home operator (DTH) Independent TV (Reliance Big TV) over non-payment of subscription fees.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/09/dth.jpg?itok=4FW0v0VC
DTH subscriber growth see-saws in three quarters of 2018

Growth of direct to home (DTH) subscriber base of private players in India was the slowest over the last five years for the nine month period ended 30 September 2018

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/20/airtel.jpg?itok=1UDSS82O
QYOU Media joins hands with Airtel Digital TV

QYOU Media has announced that it has partnered with Airtel Digital TV, the DTH arm of Bharti Airtel (Airtel), to bring The Q India’s 24/7 linear stream of digital first content to Indian homes.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/20/games.jpg?itok=VX74TQiM
Hollywood Diaries - Initiative By Airtel Digital TV & One Take Media Co.

Airtel Digital TV, the DTH arm of India’s largest telecommunications provider Bharti Airtel, and One Take Media Co., leading content production and distribution company based in Mumbai, together recently launched Hollywood Diaries- A collection of the finest Hollywood Movies  on Airtel Digital TV...

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/19/tata.jpg?itok=UjmGNjYw
Tata Sky offers 44% discount for new subscribers

As part of a festive offer, direct-to-home (DTH) service provider Tata Sky is offering up to 44 per cent discount for new subscribers in the country.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/19/dishtv.jpg?itok=WZkPTz2q
Dish TV partners MediaKind to upgrade infrastructure

DTH company Dish TV India, in partnership with MediaKind, has strengthened its infrastructure capabilities to enhance the customer TV viewing experience in India.

DTH DTH Operator
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/18/dish-tv_1.jpg?itok=ETxh4LmV
Dish TV wins IDC Insights Awards for ‘Excellence in Operations category’

Dish TV India Limited, the world’s largest single-country DTH Company, has bagged the I.C.O.N.I.C IDC Insights Award 2018 for its pioneering initiative ‘Project Phoenix’– a common service CRM for both its brands

DTH DTH Operator

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories