Mumbai: Dish TV India Limited (DishTV) (BSE: 532839, NSE: DISHTV) is pleased to announce receipt of approval of the Equity Shareholders of the company for the proposed Scheme of Arrangement for amalgamation of Videocon D2h into Dish TV in consideration for new stock issuance by Dish TV to the shareholders of Videocon D2h.
As per the directions issued by the Honourable National Company Law Tribunal (NCLT), Mumbai Bench, a meeting of the Equity Shareholders of the Company was held today.
The company has already received approval from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) for the proposed Scheme of Arrangement. The Competition Commission of India (CCI) has also approved the amalgamation of Videocon D2h into Dish TV.
The proposed transaction is subject to other necessary approvals.