Dish TV board to consider fundraising for up to Rs1000cr next week

The fundraise is for an amount up to Rs1,000cr, in one or more tranches ('Issue'), in accordance with applicable laws.

Jun 16, 2021 12:06 IST India Infoline News Service

Dish TV India has informed on Tuesday to the exchange regarding fundraising plan as considered by the Board of Directors.

Its board meeting is scheduled to be held on Monday, 21st June to consider the proposal for fundraising by issue of permissible securities, including through rights issue, preferential issue or through any other permissible mode or a combination thereof, company confirmed.

The fundraise is for an amount up to Rs1,000cr, in one or more tranches ('Issue'), in accordance with applicable laws.

In regard to the above, earlier, the Board at its meeting held on 17th February, 2021, constituted 'Fund Raising Committee' for recommending, taking actions and monitoring in the matters of raising funds and related matters thereof.

At around 12:40 PM, Dish TV India was trading at Rs15.41 apiece down by Rs0.14 or 0.9% on the BSE.

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