G-group’s Direct To Home (DTH) service company Dish TV has got approval from the Indian Competitiveness Commission (CCI) for its proposed merger with Videocon Group’s DTH company Videocon D2H.
In a statement, the company said, “CCI has told the company that in its meeting of May 4, 2017, she considered the proposed merger and she gave her approval for it.
“It has already got approval for this merger by the Indian Securities and Exchange Board (SEBI), National Stock Exchange (NSE) and BSE.
Dish TV has called a meeting of shareholders for approval as per the instructions of National Company Law Authority. Dish TV currently has 1.55 million subscribers while Videocon D2-H subscriber is around 1.22. At present, the DTH industry has a total of about 6.2 million subscribers.
Dish TV will be called Dish TV Videocon Limited, a new company formed after the merger of D2-H.