The proposed merger between two of India’s DTH pay-TV giants, Dish TV and Videocon d2h is close to being concluded.
India’s National Company Law Tribunal has given the plan its approval. The next stages are for the two companies concerned to seek the approval of India’s Ministry of Broadcasting, which while not being a foregone conclusion, is not likely to create any headaches. The final stage is for the then newly-formed combined business to file its various permissions with India’s Registrar of Companies.
The final company, Dish TV Videocon will then be listed on the Bombay Stock Exchange, the London Stock Exchange. The end result will see the business as the second-largest DTH company in the world (behind DirecTV) and the largest DTH pay-TV operator in India with a 45 percent market share.
The current target date for these various stages to be completed is October 1st.