| Dish TV India Ltd has informed BSE that, by an Order dated October 08, 2010 in the Company Application (M) No. 135 of 2010, the Hon'ble High Court of Judicature at Delhi has directed that a meeting of the Equity Shareholders, Secured Creditors & Unsecured Creditors of Dish TV India Limited, the De-merged Company will be held on November 11, 2010, for the purpose of considering and if thought fit, approving, with or without modification(s), the arrangement embodied in the Composite Scheme of Amalgamation and Arrangement between Dish TV India Limited (De-merged Company), Integrated Subscriber Management Services Limited (Resulting / Transferee Company) and Agrani Satellite Services Limited (Transferor Company) and their respective shareholders and creditors.
Dish TV India Ltd has informed BSE that with respect to convening of meeting of the Equity Shareholders of the Company as directed by the Hon'ble High Court of Delhi on November 11, 2010 for approving the Composite Scheme of Amalgamation and Arrangement between Dish TV India Ltd. and Agrani Satellite Services Ltd. and Integrated Subscriber Management Services Ltd. and their respective shareholders and creditors.
Mr. Aman Ahluwalia (Advocate), Chairman appointed for the meeting of the Equity Shareholders of the Company (Dish TV India Ltd.), conducted the meeting as per the directions of the Order of the Delhi High Court dated Octobers 08, 2010 on November 11, 2010. The Scheme of Arrangement ('Scheme') was approved by requisite majority of Equity Shareholders present either in person or by proxy or as authorized representatives, as per the Chairman's Report filed with the Hon'ble High Court of Delhi on November 24, 2010.
The said Scheme shall now be presented for approval and consideration of the Hon'ble High Court of Delhi.
(As Per BSE Announcement Dated on 24.11.2010)
Dish TV India Ltd has informed BSE that with respect to convening of meeting of the Secured and Un-Secured Creditors of the Company as directed by the Hon'ble High Court of Delhi on November 11, 2010 for approving the Composite Scheme of Amalgamation and Arrangement between Dish TV India Ltd. and Agrani Satellite Services Ltd. and Integrated Subscriber Management Services Ltd. and their respective shareholders and creditors ('Scheme').
Mr. Yogesh Jagia (Advocate), Chairman appointed for the meeting of the Un-Secured Creditors of the Company (Dish TV India Ltd.), conducted the meeting as per the directions of the Order of the Hon'ble High Court of Delhi dated October 08, 2010 on November 11, 2010. The Scheme was approved by requisite majority of Un-Secured Creditors present either in person or by proxy or as authorized representatives, as per the Chairman's Report filed with the Hon'ble High Court of Delhi on November 25, 2010.
Mr. Pragyan Pradip Sharma (Advocate), Chairman appointed for the meeting of the Secured Creditors of the Company (Dish TV India Ltd.), conducted the meeting as per the directions of the Order of the Hon'ble High Court of Delhi dated October 08, 2010 on November 11, 2010. The Scheme was approved by requisite majority of Secured Creditors present through authorized representatives, as per the Chairman's Report filed with the Hon'ble High Court of Delhi on November 24, 2010.
The said Scheme shall now be presented for approval and consideration of the Hon'ble High Court of Delhi.
(As Per BSE Announcement Dated on 25.11.2010) |
| The Board of Directors has approved convening an Extra Ordinary General Meeting of the Members of the Company on May 29, 2008, inter-alia, to seek and obtain the approval of the Members for the following:
- Increase of Authorised Capital from Rs 73 Crores to Rs 100 Crores by creation of additional 27,00,00,000 Nos. of Equity Shares of Re 1 each; and
- Enhancement of borrowing limits from Rs 1000 Crores to Rs 2000 Crores under Section 293(1)(d) of the Companies Act 1956; and
- Authorise the Board under Sec 293(1)(a) of the Companies Act, 1956 to mortgage the assets of the Company to secure the borrowings of the Company from time to time.
Dish TV India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 29, 2008, inter alia, has approved the following:
1. Increase the authorized share Capital of the Company from Rs 73 Crores to Rs 100 Crores, and
2. Increase the limits of the borrowing by the Company from Rs 1000 Crores to Rs 2000 Crores.
(As per BSE Announcement Website dated ion 29/05/2008) |
| Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 05, 2007, has approved Preferential Allotment of Equity Shares and Warrants convertible into Equity Shares, aggregating Rs 2500 Million, as detailed below, to 'Indivision India Partners' ('Indivision') a Mauritius based Private Equity Fund, subject to requisite shareholder / regulatory and other approvals:
1. Indivision would be issued and allotted 12,500,000 Equity Shares of Re 1 each in the Company at a price of Rs 100/- each aggregating Rs 1250 Million.
2. Indivision would also subscribe to 9,615,385 Warrants, convertible in to 9,615,385 equity shares at a price of Rs 130/- per equity share aggregating to Rs 1250 Million, within a period of 18 months from the date of issue of the warrants.
The aforesaid Preferential Issue would, subject to approval of the shareholders and other regulatory authorities, be inter alia in compliance of SEBI Guidelines for Preferential Issues. The 'relevant date' for the purpose would be December 05, 2007 and the pricing of the shares is at a premium to the average of weekly high and low of the closing prices during the last 26-weeks and two weeks preceding the Relevant Date.
In this regard, the Board of Directors has also approved convening an Extra Ordinary General Meeting of the Members of the Company on January 04, 2008, inter alia, to seek and obtain the approval of the members for the Preferential Issue of Equity Shares and Warrants.
In this regard the Company has issued the following press release:
In a meeting held on December 05, 2007, the Board of the Company has approved a preferential allotment of equity shares and warrants to Indivision India Partners (IIP). Pursuant to this allotment, which is subject to regulatory approvals, the Company would raise equity funds of Rs 1,250 million in the first tranche and another Rs 1,250 million on conversion of the warrants.
The Board of the Company has approved a preferential allotment of equity shares and warrants to Indivision. Indivision will subscribe to 12,500,000 equity shares of Re 1/- each at a price of Rs 100 per equity share. In addition, Indivision will also subscribe to 9,615,385 warrants, convertible Into 9,615,385 equity shares at a price of Rs 130 per equity share, within a period of 18 months from the date of issue of warrants.
Mr. Subhash Chandra, Chairman of the Company said, "We are happy to announce the participation of Indivision India Partners in our effort to provide consumers with unparalleled quality of digital television services directly to their homes. We are confident that Dish TV would deliver long term value to all its stake holders."
Dish TV India Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 04, 2008, inter alia, to offer, issue and allot the following securities, in one or more tranches through a Preferential Allotment, to M/s. Indivision India Partners, a Mauritius based Private Equity Fund,
(a) 12,500,000 (Twelve Million Five Hundred Thousand) Equity Shares of Re 1 each for cash at a price of Rs 100/- per equity share (including premium of Rs 99/- per equity share).
(b) 9,615,385 (Nine Million Six Hundred Fifteen Thousand Three Hundred and Eighty five) equity warrants, entitling the warrant holder from time to time in one or more tranches at their option to convert the warrants into, and apply for, equal number of equity shares of Re 1/- each for cash at a price of Rs 130/- per equity share (including premium of Rs 129/- per equity share).
in accordance with SEBI (Disclosure and Investor Protection) Guidelines on Preferential Issue, aggregating to Rs 2500.00 Million (Rupees Two Thousand Five Hundred Million) and that the Board be and is hereby authorized to finalise all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable Jaws, rules and regulations for the time being in farce in that behalf
(As per BSE Announcement Website dated on 11/12/2007)
Dish TV India Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 04, 2008, have accorded their consent to issue and allot following securities, in one or more tranches through a Preferential Allotment, to M/s. Indivision India Partners, a Mauritius-based Private Equity Fund:
(a) 12,500,000 (Twelve Million Five Hundred thousand) Equity Shares of Re 1 each for cash at a price of Rs 100/- per equity share (including premium of Rs 99/- per equity share); and
(b) 9,615,385 (Nine Million Six-hundred Fifteen Thousand Three Hundred and Eighty-five) equity warrants, entitling the warrant holder(s) from time to time, in one or more tranches, at their option, to convert the warrants into, and apply for, equal number of equity shares of Re 1/- each for cash at Rs 130/- per equity share (including premium of Rs 129/- per share)
in accordance with Chapter XIII, relating to issue of Shares on Preferential basis, of SEBI (Disclosure and Investor Protection) Guidelines, 2000.
(As per BSE Announcement Website dated on 04/01/2008) |