Dish TV and Videocon d2h had announced a merger in November 2016. Photo: Mint
Mumbai: Direct-to-home (DTH) operator Dish TV India Ltd on Thursday pointed to the ongoing insolvency proceedings against Videocon group in the context of the delay in its planned merger with Videocon d2h.
Dish TV and Videocon d2h had announced a merger in November 2016.
Earlier, the company had said it expects the transaction to close by 27 December. In a 22 December filing, the company told exchanges that the necessary filings around the deal closure would be delayed further, without citing any reason for the delay.
In its latest stock exchange filing on Thursday, Dish TV said, It has come to our knowledge that certain entities belonging to the Videocon group, in…
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