Advertisement


Advertisement

Thread Rating:
  • 13 Vote(s) - 2.69 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Dish TV ends rights issue, sits on Rs 9 bn cash
Advertisement
#1
MUMBAI: Dish TV is sitting on a cash pile of Rs 9 billion following the completion of the third tranche of its rights issue.

The Essel Group-promoted direct-to-home (DTH) company has raised Rs 4.16 billion in the third and final tranche.

Dish TV had earlier raised Rs 7.24 billion in two tranches.

Earlier, Dish TV had received a funding of $100 million (Rs 4.65 billion) from US-based Apollo Management, through a GDR (Global Depositary Receipt) issue.

"We are sitting on a cash of Rs 9 billion. This has come from rights issue and GDR. We will use the fund for customer acquisitions," Dish TV MD Jawahar Goel tells Indiantelevision.com.

The promoters' holding in Dish TV is 68 per cent, while Apollo has 11 per cent.

With this funding in place, market leader Dish TV will be aggressively ramping up its subscriber base.

Source: Indiantelevision.com

Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads…
Thread Author Replies Views Last Post
  Dish TV services and channel list with LCN updated on 24-07-2021 Sathish 0 89 07-24-2021, 07:09 AM
Last Post: Sathish
  Dish TV removed "KARMA AYURVEDA (TV)" channel from its DTH platform on 24-07-2021 Sathish 0 71 07-24-2021, 07:05 AM
Last Post: Sathish
  Dish TV removed "KARMA AYURVEDA (TV)" channel from its DTH platform on 24-07-2021 Sathish 0 66 07-24-2021, 07:02 AM
Last Post: Sathish
  Dish TV removed "KARMA AYURVEDA (TV)" channel from its DTH platform on 24-07-2021 Sathish 0 74 07-24-2021, 06:58 AM
Last Post: Sathish
  Dish TV removed "KARMA AYURVEDA (TV)" channel from its DTH platform on 24-07-2021 Sathish 0 65 07-24-2021, 06:55 AM
Last Post: Sathish
  "DD UTTARAKHAND- Free (TV)" channel Audio Parameters updated on Dish TV DTH Services on 24-07-2021 Sathish 0 72 07-24-2021, 06:51 AM
Last Post: Sathish
  Dish TV channel list with channel number updated on 21-07-2021 Sathish 0 67 07-21-2021, 07:47 AM
Last Post: Sathish
  Dish TV removed "ZEEPLEX (TV)" channel from its DTH platform on 21-07-2021 Sathish 0 53 07-21-2021, 07:43 AM
Last Post: Sathish
  Dish TV removed "ZEEPLEX (TV)" channel from its DTH platform on 21-07-2021 Sathish 0 49 07-21-2021, 07:39 AM
Last Post: Sathish
  Dish TV removed "ZEEPLEX (TV)" channel from its DTH platform on 21-07-2021 Sathish 0 42 07-21-2021, 07:36 AM
Last Post: Sathish

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement