Dish TV gains over 3% on merger reports of DTH ops of co. & Bharti Airtel

ET reported citing sources that the concerned parties have agreed to merging their DTH businesses.

Dec 11, 2019 05:12 IST India Infoline News Service

Shares of Dish TV are trading higher by more than 3% after media sources suggested that direct-to-home (DTH) operations of the company and Bharti Airtel may merge.

The Economic Times reported that Bharti Airtel, the promoters of Dish TV, and private equity firm Warburg Pincus have agreed to merge DTH operations of Airtel and Dish to create the world’s largest TV distribution company.

Dish TV India Ltd is currently trading at Rs13.46 up by Rs0.42 or 3.22% from its previous closing of Rs13.04 on the BSE.

The scrip opened at Rs13.68 and has touched a high and low of Rs14.15 and Rs13.20 respectively. So far 4,03,44,205 (NSE+BSE) shares were traded on the counter.

The current market cap of the company is Rs2,401.04cr.

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