REG - Dish TV India Ltd - Outcome of Board Meeting

Dish TV IndiaAnnouncement

24/07/2024 14:30

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RNS Number : 7008X  Dish TV India Limited  24 July 2024

 

 

July 24, 2024

 

London Stock Exchange plc.

10 Paternoster Square

London

EC4M 7LS

 

Ref.                        : Stock (Dish TV India) -
GDR-MIC - XLOM

 

Sub.                       : Outcome of Board Meeting

 

Dear Sir/Madam,

 

This is to inform you that, the Board of Directors of Company, at their
meeting held today, i.e. July 24, 2024, has inter-alia:

1.    considered and granted its In-Principal approval to explore and
initiate the process of raising of funds through permissible means under
applicable laws including but not limited to, by way of, issue of equity
shares/ convertible bonds/ debentures/ warrants/ preference shares/ foreign
currency convertible bond (FCCB) / any other equity linked securities and/ or
any other securities including through preferential issue on a private
placement basis, qualified institutional placement or any other methods or
combinations thereof, listed or unlisted, for an amount not exceeding Rs. 1000
crores, in one or more tranches, subject to such approvals as may be required;

 

2.    considered and approved incorporation / establishing of a Wholly
Owned Subsidiary of the Company in India with such name as may be approved by
the concerned approving authority, inter-alia to undertake the business of
distribution of products and services through a robust digital platform and
also provide ancillary services; &

 

3.    considered and approved the Notice of Postal Ballot for seeking
approval of the Shareholders for raising of funds as mentioned above.

 

We request you to take the above on record.

 

Thanking you,

 

Yours truly,

For Dish TV India Limited

 

 

 

 

Ranjit Singh

Company Secretary & Compliance Officer

Membership No. A15442

Contact No.:+ 91-120-504-7000

 

 

 

 

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