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Dish TV clarifies on news item of Bharti Airtel in talks to buy majority stake in company; stock zooms

“Further, we would also state that the company is not aware of the transaction which has been reported in the news report,” the company said in the release.

December 03, 2021 11:45 IST | India Infoline News Service
Dish TV India on Thursday has clarified the news item that there is no information available with the company which is required to be reported under extant SEBI Regulation (Regulation 30), which may have bearing on the stock price of the company.

In the filing, the company said, “This is with reference to your E-mail dated December 2, 2021, bearing reference No. L/SURV/ONL/RV/NK/(2021-2022)/40, wherein you have sought clarification from the Company on a news item which appeared in the "www.timesofindia.indiatimes.com' on December 2, 2021, captioned 'Bharti Airtel in talks to buy a majority stake in Dish TV' and price movement of the Company scrip.”

“Further, we would also state that the company is not aware of the transaction which has been reported in the news report,” the company said in the release.

Dish TV India Ltd is currently trading at Rs18.95 up by Rs0.9 or 4.99% from its previous closing of Rs18.05 on the BSE.

On the other hand, Bharti Airtel Ltd is currently trading at Rs719.50 down by Rs12.65 or 1.73% from its previous closing of Rs732.15 on the BSE.

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