MUMBAI: Dish TV India has announced that the Mumbai bench of National Company Law Tribunal (NCLT) has approved the scheme of arrangement for merger between Videocon D2h Limited and Dish TV India.
The company informed BSE that a hearing held on 27 July 2017 the NCLT approved the agreement between the two companies and their respective shareholders and creditors under the provisions of Sections 230-232 and other applicable provisions of the Companies Act, 2013.
The appointed date for the scheme is 1 October, 2017.
On May 2017, the proposed merger of two DTH players, Zee group’s Dish TV and VideoconD2h received the approval of Competition Commission of India (CCI). The merger was announced in November last year. After merger, the new entity will be called Dish TV Videocon.
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