The Department of Telecom is still working on final adjusted gross revenue dues that service providers have to pay as it has detected variation in accounting practices adopted by different circle offi
Essel promoters are now in talks with a global financial investor to pick up half their stake
A total of 486 companies, including Divi's Laboratories, Dish TV, Ashok Leyland, and IRCTC, are scheduled to announce their earnings today
The merger with Dish TV provides Airtel substantial access to new homes.
Warburg Pincus is expected to remain invested in the company post merger, the report added.
The company said the default in debt repayment was on account of a temporary cash shortfall due to peak payment commitments to suppliers.
Zee also said it had a definitive plan in place to recover the outstanding amounts from Dish TV and Siti Cable, and that it was monitoring the situation closely
More than a third of stocks in top 500 have witnessed reduced coverage
The company also has sizeable debt repayments in the near term
Sources familiar with the developments said following the sale of stake to a strategic investor, the promoters might have only 12 per cent, including the 10 per cent stake with VTB
The latest shareholding pattern shows that the stake of the promoter and promoter group fell to 55.27 percent at the end of Q2, against 57.52 percent held at the end of the April-June (Q1) period
Total subscriber base for the DTH market in the June quarter stood at 68.92 mn versus 72.44 mn in the March quarter
The company has a customer base of 23.9 million and had added around 200,000 new customers in the first quarter of the current fiscal year
Bharti Airtel, Warburg Pincus to buy Jawahar Goel's 58% stake at Rs 45-50 a share
Shares of Dish TV India hit a 10-year low of Rs 19.10, down 15 per cent on the NSE in intra-day trade.
The shares were purchased at an average price of Rs 71.3, valuing the transaction at Rs 926.9 million, the data showed
On March 22, 2018, Videocon d2h Limited had merged with and into Dish TV India Limited
A new distribution model is helping the direct-to-home player expand its network in rural India while keeping overhead costs low
Dish TV would retain both brands to leverage their strengths and is looking at benefits worth Rs 5 bn from synergies in first year itself
Competition may affect in long run, merger synergies should be studied in coming quarters, say analysts