Dish TV India To Buy Videocon d2h

In a bid to create a leading cable and satellite distribution platform in India, satellite television service provider Videocon D2H will merge itself with Dish TV, the company said in a tweet. It also said that the 55 per cent of Dish TV shareholders will represent Videocon D2H’s ownership and the aim behind this merger is to increase the number of subscribers and surge in market shares. Following the closing of the proposed transaction, the merged entity will be renamed as Dish TV Videocon Limited. The merged entity will be led by Jawahar Lal Goel as chairman and managing director.