Dish TV and Videocon d2h merger gets CCI approval

New Delhi: The Competition Commission of India (CCI) on Wednesday approved the merger between Zee Entertainment Enterprises Ltd’s DTH platform Dish TV and Videocon d2h, the direct-to-home television arm of Videocon Industries Ltd.

The companies had announced their merger in November 2016. The new company will be called Dish TV Videocon Ltd. Dish TV will own 55% and Videocon 45% stake in the new company.

In a statement released on Wednesday, Dish TV said that the company has already received the approval from the Securities and Exchange Board of India (Sebi), NSE and BSE Ltd for the proposed merger.

Source: livemint.com



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