Circ re. (Update on disinvestment in subsidiary)

Dish TV India

05/04/2022 14:22

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RNS Number : 3586H  Dish TV India Limited  05 April 2022

 

 

April 05, 2022

 

London Stock Exchange plc.

10 Paternoster Square

London

EC4M 7LS

 

Sub: Update on divestment of Company's investment in Subsidiary

 

 

Dear Sir/Madam,

 

We wish to inform you that the Company vide its disclosure dated January 29,
2021, had informed that the Board of Directors of the Company at their meeting
held on January 29, 2021, had approved the divestment of Company's entire
equity investment in Dish T V Lanka (Private) Limited, a Subsidiary of the
Company, subject to fulfillment of conditions of Share Sale agreement and
requisite regulatory approvals.

 

In regard to the above, we wish to update that through the Authorised Dealer
(AD) Bank's communication dated April 5, 2022, the Company has been informed
that the Reserve Bank of India vide its communication dated April 4, 2022, had
approved the said divestment, subject to the fulfillment of conditions
mentioned therein. The Company shall initiate the process to fulfill the said
conditions and shall intimate the Stock Exchange(s), upon completion of
divestment.

 

You are requested to kindly take the above on record.

 

Thanking you,

 

Yours faithfully,

 

For Dish TV India Limited

 

 

 

Ranjit Singh

Company Secretary and Compliance Officer

Membership No.: A15442

 

 

 

 

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