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Breaking News Videocon D2H merged with Dish TV

Discussion in 'General DTH Discussion' started by IndianMascot, Nov 11, 2016.

  1. IndianMascot

    IndianMascot Global Moderator
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  2. THAKUR

    THAKUR Moderator
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    Dish TV India Ltd has informed the BSE that the Board of Directors of the Company, at their meeting held today (11 November) has, inter-alia, considered and approved the following:

    Subject to requisite approvals of the shareholders and creditors of the Company, the jurisdictional high courts, and other approvals (regulatory or otherwise), as may be required, a Scheme of Arrangement under sections 391 to 394 of the companies act, 1956 and/or applicable sections of the companies act, 2013, between Dish TV India Limited (DHL) and Videocon D2H Limited (VD2H) for

    (i) amalgamation of the VD2H into and with the DTIL;

    (ii) dissolution without winding up of VD2H;

    (iii) transfer of the authorized share capital from VD2H to DTIL; and

    (iv) change in the name of DTIL, pursuant to the relevant provisions of the Companies Act and the relevant provisions of this Scheme, and various other matters consequential or otherwise integrally connected therewith.

    The amalgamation of the VD2H into and with DTIL pursuant to this Scheme shall also be in accordance with Section 2(1B) of the Income Tax Act.

    The Audit Committee has furnished its report to the Board of Directors of the Company recommending the Scheme. The fairness opinion on the Scheme has been furnished by Morgan Stanley India Company Private Limited, an independent Merchant Banker. The Valuation report of the Scheme has been provided by SR Batliboi & Co, LLP, an independent Chartered Accountant.

    In this regard, the company has issued a copy of Press Release dated November 11, 2016 titled "Videocon D2H to Merge with Dish TV creating a leading cable & satellite distribution platform in India".

    DishTV is the pioneer when it comes to digital entertainment. A division of Zee Entertainment Enterprises, DishTV has changed the face of Indian Television by making it possible for every customer to have access to premium quality digital entertainment. Its tri-satellite technology that broadcasts Hi-Definition and Standard Definition signals, DishTV has taken the standards of television to incredible heights.

    Videocon d2h is the DTH arm of Videocon group. It has 570 Channels and services on its platform. It uses MPEG – 4 DVBS -2 technology. It has many features like Multiple Tickers, 12 PIP Mosaic, 21 Active Music Audio Video Channels, d2h movies. It carries 15 sports channels and all GEC channels on its platform.
    Videocon D2H to merge with Dish TV; create leading cable & satellite distribution platform in India | Indian Television Dot Com
     
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  3. Vadirocks

    Vadirocks Global Moderator
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    Oh My God!
     
  4. IndianMascot

    IndianMascot Global Moderator
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  5. IndianMascot

    IndianMascot Global Moderator
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  6. IndianMascot

    IndianMascot Global Moderator
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  7. rizhberg

    DTH Forum Regular

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    Now thats seriously a BEAST in the making!!!

    Now it remains to be seen how they'll be using their satellite tps, because if they somehow figure out a way to share them, then they won't be having any space issue for a long time...
     
  8. IndianMascot

    IndianMascot Global Moderator
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    Informed and merged. Check my thread ;)

    Posted using DTH Forum app
     
  9. Nilu334

    Nilu334 DFI Gem
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    Sach me...4k channel aayega na?
     
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  10. Anish Pai

    Anish Pai DFI Contributor
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    So, what software will the new company use, as DishTv uses Conax and D2h uses irdeto.

    How will the 3 satellites of Dishtv and 1 satellite of d2h combine ??? will they have to change dish position of all dishtv/d2h users ?
    Many questions ......

    They will need to update their logo too on STB
     
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