Dish TV is in lines to acquire Videocon DTH for nearly $1 Billion


New Delhi: Dish TV is in discussion to purchase Videocon DTH. A source has conveyed that, on Tuesday Dish TV stocks surged over 1 per cent. According to researchers, Lenders have optional sale of Videocon DTH to Dish TV. Nasdaq scheduled videocon DTH has a marketplace cap of $855 mn. The two corporations are negotiating on assessment shut to USD 1 billion. This is for the reason that Videocon's inquire price is at present higher than what Dish TV has accessible.

Even the lenders have recommended that auction of Videocon DTH to Dish TV is probable. Nasdaq-listed Videocon DTH has marketplace capital of USD 855 million and has a net debt of Rs 1600 crore. The losses that the corporation had previous economic year stood at Rs 92.2 crore. Even as Videocon DTH has vacant to any agreement meeting with Dish TV. Dish TV store were trading 1.10 per cent up at Rs 101.35. The scrip opened at Rs 100.30 and has touched a towering and short of Rs 101.95 and Rs 99.60, correspondingly, in buys and sells so far. Sensex was trading 40.39 points down at 27,238.37 during the similar time. Both the corporations have deprived of any contract converse with each other.