Dish TV to raise Rs 1000 crore funds
DTH operator Dish TV has decided to raise funds to the tune of Rs 1,000 crores through issue of equity shares/ convertible bonds or other securities. Intimating the BSE and NSE, Dish TVmed also said that it is considering incorporation of a wholly owned subsidiary of the company in India which will infuse Rs 10 lakh towards the share capital.
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“The Board of Directors have considered and granted its in-principal approval to explore and initiate the process of raising of funds through permissible means under applicable laws including but not limited to, by way of, issue of equity shares/ convertible bonds/ debentures/ warrants/ preference shares/ foreign currency convertible bond (FCCB) / any other equity linked securities and/ or any other securities including through preferential issue on a private placement basis, qualified institutional placement or any other methods or combinations thereof, listed or unlisted, for an amount not exceeding Rs. 1000 crores, in one or more tranches, subject to such approvals as may be required.
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“It has considered and approved incorporation / establishing of a Wholly Owned Subsidiary of the Company in India with such name as may be approved by the concerned approving authority, inter- alia to undertake the business of distribution of products and services through a robust digital platform and also provide ancillary services,” the company said.
Tags : Dish Tv Funds Dth Operator