Dish TV and Videocon d2h merger is on track and it has appointed two directors on the board of the Videocon group firm for the seamless integration of the businesses. It now intends to take further steps for effecting the said merger. Earlier, on January 11, 2018, Dish TV was evaluating the impact of reported insolvency proceedings initiated against certain entities of the Videocon group. Upon evaluation of the above circumstances by the advisors to the scheme, the company shall be taking necessary steps for completion of the scheme.
Further, for synchronizing the operations of two companies to derive the benefits and objectives of the scheme, two directors have been nominated namely Amitabh Kumar and Raj Kumar Gupta on the Board of Videocon D2H Limited.