India’s Videcon d2h puts IPO on hold

India’s Videocon d2h pay-TV operation has asked the country’s Securities & Exchange Board to put on ‘hold’ its prospectus for an IPO which it filed on September 30th last year.

US-based Silver Eagle Acquisition Corp (SEAC) invested $303.7 million (for 33.5 per cent stake) into the d2h business on January 7th and is seeking a NASDAQ listing for their holding. SEAC is backed by Harry Evans Sloan and Jeff Sagansky.

Videocon Group Chairman Venugopal Dhoot said that they were seeking to close the SEAC deal and complete the listing in the US prior to any other action.

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