sign in sign up
<<
Home , Dish TV

SCAT BUSINESS

YES BANK ACQUIRES STAKE FDI INVESTMENTS SURGE listing could potentially give the digital IN DISH TV business a higher valuation and allow existing investors to exit. Platforms combines Reliance’s digital assets with its wireless carrier, Reliance Jio Infocomm Ltd., into a holding company aimed at becoming a top e-commerce and payments operator in India’s vast consumer market. India’s FDI rose 18% to a Investors are betting on Jio’s record $73.5 billion during 2019-20, access to India’s huge consumer buoyed by a spurt in inflows into market, and its potential to shake up computer hardware & software, traditional industries in the country -- Bank Ltd acquired a 24.19% telecom. from retail to education and payments stake in direct-to-home service The year saw several large -- with its technology. India is the only provider, Dish TV India Ltd, by deals, involving overseas, with large major open Internet market where invoking pledges against 44.53 equity inflows expected during the current foreign technology giants such as shares kept as collateral with the year as well, with Reliance Jio alone Amazon.com Inc., Walmart Inc. and private lender for a loan. announcing several transactions so Google’s parent Alphabet Inc. can As of March 31, Dish TV far. Besides, some of the earlier compete for market share. promoters owned 54.56% stake in the announcements such as Saudi company, out of which over 93% was BHARATI AIRTEL AIMS TO BE Aramco’s stake acquisition in Reliance pledged with the lenders. , DEBT FREE Industries and Brookfield’s proposed sources say, had the biggest exposure. Bharati investment in the tower arm are After the invocation of shares, Dish Telecom pending. While Maharashtra remained TV promoters will be left with just over stake sale the top destination for overseas 30% stake in the company. in Bharti investors, Karnataka came second, Since the start of the year, Dish Airtel is a although data for the October-March TV shares have lost 67% of its value de- period was released by the department by end of may. leveraging for promotion of industry and internal Launched in 2003, Dish TV was exercise trade. started with the aim to provide for the services in rural areas and regions not JIO PLANS INTL LISTING entity to become debt and with serviced by . Jiothis SingTel and Mittal family's In 2016, its board had agreed to Platforms is effective holding in will an all-stock merger with Videocon , planning for be 32% and 24%, respectively. which was completed in 2018. Dish TV an initial public The investors may perceive the has a market capitalisation of ` 2,046 offering transaction negatively but this is more crore and a subscriber base of 23.94 outside of a deleveraging exercise informed Credit million, making it a close rival of Tata India. The Suisse. . offering could Bharti Telecom announced a According to data from the happen in the stake sale of 2.75% in Airtel, at a price Telecom Regulatory Authority of India next 12 to 24 months. of Rs558/share, a 6% discount to the (Trai), the DTH market in the country KKR became the latest investor current market price, via a block deal is dominated by Dish TV (40%), piling into Jio Platforms after for raising around $1 billion (nearly Rs followed by (25%) and Airtel Facebook, Silver Lake Partners and 7,600 crore), which will bring down its TV (22%). General Atlantic recently. An overseas shareholding from 38.8% to 36%. 

SATELLITE & CABLE TV 50 JUNE 2020