Dish TV India has received an approval for making an initial investment of up to Rs 1 lakh only, under the Companies Act, 1956 and the notified provisions of the Companies Act 2013, for acquiring/investing through purchase / transfer, the entire share capital of Xingmedia Distribution over and above the limits prescribed. The board of directors at its meeting held on February 14, 2014 has approved for the same.
The board also approved making loans/investments or giving guarantee or providing any security for an additional amount of Rs 30 crore only, the aggregate amount of loans / investments / guarantees not exceeding Rs 100 crore only, in Dish T V Lanka, over and above the limits prescribed.
Dish TV is India’s largest direct-to-home company and part of the biggest media conglomerate - Zee Group. Dish TV has on its platform 400+ channels and services including 21 audio channels with 13.5 million subscribers.
