MUMBAI: The ailing direct to home operator Dish TV on 10 October informed the Bombay stock exchange that it is going ahead and incorporating a new wholly owned subsidiary under the name of Dish Bharat Ventures Pvt Ltd. Its purpose: to the distribute its products
and services through a robust digital platform and also provide ancillary services.

Dish TV had earlier got clearance from its board on 24 July to set up the firm. And it  has got clearance from the ministry of corporate affairs to do the same on 10 October.

It may be recalled that Dish TV controls 19.8 per cent market share of the DTH subscriber base in the country.  It notched up a revenue of Rs 9710.9 million in the year ended 31 March 2024 and it notched up a loss before exceptional, extraordinary items and tax of Rs 528.3 million, according to data available on moneycontrol.com.