Dish TV India gains on receiving NCLT’s nod for merger with Videocon D2h

28 Jul 2017 Evaluate

Dish TV India is currently trading at Rs. 81.50, up by 0.45 points or 0.56% from its previous closing of Rs. 81.05 on the BSE.

The scrip opened at Rs. 80.00 and has touched a high and low of Rs. 82.75 and Rs. 80.00 respectively. So far 4,35,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 110.95 on 28-Mar-2017 and a 52 week low of Rs. 72.00 on 27-Jun-2017.

Last one week high and low of the scrip stood at Rs. 82.75 and Rs. 77.20 respectively. The current market cap of the company is Rs. 8,687.00 crore.

The promoters holding in the company stood at 64.44%, while Institutions and Non-Institutions held 25.50% and 10.06% respectively.

Dish TV India has received National Company Law Tribunal (NCLT) approval for merger with Videocon D2h, paving the way for creation of country's largest direct-to-home service provider. The merged entity would have a subscriber base of over 27.2 million, creating the largest DTH service provider in the industry.

The merged entity will be renamed as Dish TV Videocon. The total revenue of Dish TV and Videocon d2h was Rs 5,915.8 crore on a pro-forma basis for the fiscal ended March 31, 2016.

Dish TV has an active subscriber base of 15.5 million, while that of Videocon d2h stands at around 12.2 million. The DTH industry has around 62 million active subscribers.

Dish TV India Share Price

16.77 -0.05 (-0.30%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Zee Entertainment 138.70
Sun TV Network 602.70
GTPL Hathway 165.35
TV18 Broadcast 46.09
Den Networks 47.40
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.