Dish TV refutes buyout talks with Videocon D2H, calls it speculative

Reacting to reports appearing in certain sections of the media regarding the proposed acquisition of Videocon D2H by Dish TV, the latter has termed such news speculative in nature.

It may be recalled that CNBC-TV18 had reported that Dish TV and Videocon D2H were involved in acquisition talks on valuations close to $1 billion.

Moneycontrol.com, in an article, mentioned, “Even the lenders have suggested that sale of Videocon DTH to Dish TV is likely.”

The article further stated, “Nasdaq-listed Videocon DTH has market capital of USD 855 million and has a net debt of Rs 1,600 crore. The losses that the company had last fiscal year stood at Rs 92.2 crore.”