DISHTV

Feb 25 (Reuters) - India's Tata Group and Bharti Group are finalizing a merger of their satellite TV businesses Tata Play TATK.BO and Airtel Digital TV amid mounting losses due to sustained migration to digital streaming, Economic Times reported on Tuesday.

The merger will happen through a share swap, the report said, citing sources.

Bharti Airtel BRTI.NS will likely hold between 52-55% in the merged entity, while Tata Play shareholders, including Walt Disney Co DIS.N, will hold 45-48%, the report added.

Airtel Digital TV is currently 100% owned by Bharti Airtel through a subsidiary and Tata Play is a 70:30 joint venture between Tata Sons and Walt Disney Co.

The merger comes as part of a broader trend of consolidation in India's satellite TV sector, driven by the rise of video streaming platforms and a shrinking pay-TV subscriber base.

The deal could also mark the second major transaction in the sector in about a decade, following the Dish TV DSTV.NS-Videocon d2h merger in 2016.

(Reporting by Aleef Jahan in Bengaluru; Editing by Sumana Nandy)

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Dec 12 (Reuters) - Dish TV India Ltd DSTV.NS:

• SHAREHOLDERS REJECT APPOINTMENT OF AMIT SINGHAL, PARAG AGARAWAL AS INDEPENDENT DIRECTORS

Source text: ID:nBSE2hBfNZ

Further company coverage: DSTV.NS

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** Shares of cable broadband service provider Hathway Cable and Datacom HAWY.NS rise 3.3% to 20.75 rupees, set for best day in over a month

** Co reports a ~29% rise in Sept-qtr consol net profit to 258 million rupees ($3.1 million); rev from ops increases 6%

** HAWY on track for fifth straight session of gains

** Busiest session for stock in about two weeks; more than 5.7 mln shares change hands

** Stock down ~2% so far this year vs a ~16% and ~23% fall in peers GTPL Hathway GTPH.NS and Dish TV India DSTV.NS respectively

($1 = 84.0640 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Sept 18 (Reuters) - Dish TV India Ltd DSTV.NS:

• NAMES AMIT KUMAR VERMA AS CFO

Source text for Eikon: ID:nBSE1brMmy

Further company coverage: DSTV.NS

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Sept 13 (Reuters) - Dish TV India Ltd DSTV.NS:

• SHAREHOLDERS REJECT PROPOSAL TO APPOINT GARIMA BHARADWAJ AS INDEPENDENT DIRECTOR

• SHAREHOLDERS REJECT PROPOSAL TO APPOINT AZEEZUDDIN MOHAMMAD AS INDEPENDENT DIRECTOR

Source text for Eikon: ID:nBSE7VRj1w

Further company coverage: DSTV.NS

(Reporting by VijayDattaram Malkar)

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Aug 13 (Reuters) - Dish TV India Ltd DSTV.NS:

• DISH TV INDIA LTD JUNE-QUARTER CONSOL NET LOSS 15.6 MILLION RUPEES

• DISH TV INDIA LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.55 BILLION RUPEES

Source text for Eikon: ID:nBSE4B2fKr

Further company coverage: DSTV.NS

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July 24 (Reuters) - Dish TV India Ltd DSTV.NS:

• DISH TV INDIA - GRANTED IN-PRINCIPAL APPROVAL TO EXPLORE, INITIATE PROCESS OF RAISING OF FUNDS

• DISH TV INDIA - GRANTED IN-PRINCIPAL APPROVAL FOR RAISING OF FUNDS WORTH UP TO 10 BILLION RUPEES

Source text for Eikon: ID:nBSE12b6rN

Further company coverage: DSTV.NS

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** Shares of Dish TV India DSTV.NS up 10% at 24 rupees, set for biggest daily pct rise since Jan. 5

** CLSA retains "outperform" rating on the stock on attractive valuations, raises TP to 24 rupees from 18 rupees earlier

** But cuts FY 2024-26 revenue, EBITDA forecasts by 18%-37%

** Says DSTV's debt repayment of about 32 bln rupees from peak and being debt free is a positive

** Expects subscriber numbers boost from new tariff order 3.0, promotion of new set-top boxes combining OTT and linear TV

** Adds Reliance Industries RELI.NS reportedly looking to acquire 30% in Tata Play from Walt Disney DIS.N is also likely catalysts for DSTV

** Stock set for third consecutive session of gains if trend holds; up 28% so far this year

(Reporting by Yagnoseni Das in Bengaluru)

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Nov 9 (Reuters) - Dish TV India Ltd DSTV.NS:

• DISH TV INDIA LTD SEPT-QUARTER CONSOL NET PROFIT 54.1 MILLION RUPEES VERSUS 220.8 MILLION RUPEES

• DISH TV INDIA LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.79 BILLION RUPEES VERSUS 5.96 BILLION RUPEES

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Further company coverage: DSTV.NS

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** Shares of Dish TV India DSTV.NS rise as much as 20% to 21.3 rupees, their biggest intraday pct gain since May 4, 2021

** DSTV says don't see financial hit from Bombay High Court's disposal of plea by founding group entity World Crest Advisors

** World Crest sought restrain on Yes Bank, JC Flowers Asset Reconstruction from exercising their rights, including voting over shares in Dish TV

** JC Flowers holds 24.19% stake in Dish TV; Yes Bank owns 9.9% of JC Flowers; per NSE data

** DSTV falls 7.3% in last three sessions

** More than 150 mln shares change hands by 2:38 p.m. IST, 5.4x 30-day avg of 28 mln shares

** Stock down 3.5% this year, as of last close

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Aug 8 (Reuters) - Dish TV India Ltd DSTV.NS:

• DISH TV INDIA JUNE-QUARTER CONSOL NET PROFIT 205.4 MILLION RUPEES VERSUS PROFIT 178.5 MILLION RUPEES

• DISH TV INDIA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 5 BILLION RUPEES VERSUS 6.09 BILLION RUPEES

• NAMES MANOJ DOBHAL AS CHIEF EXECUTIVE OFFICER

Source text for Eikon: ID:nBSE2TNkHp

Further company coverage: DSTV.NS

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July 28 (Reuters) - Dish TV India Ltd DSTV.NS:

• COMPANY HAD FILED COMPOUNDING APPLICATION WITH RESERVE BANK OF INDIA

• APPLICATION IN RELATION TO DELAYED/NON-REPATRIATION OF DUES FROM ITS OVERSEAS JV

• RBI AGREED TO COMPOUND CONTRAVENTION UPON PAYMENT OF 5 MILLION RUPEES BY CO

• CO WILL DEPOSIT SAID AMOUNT WITH RBI WITHIN PRESCRIBED TIMELINE

• THERE IS NO IMPACT ON FINANCIAL, OPERATION OR OTHER ACTIVITIES OF CO

Source text for Eikon: ID:nBSE8013Zl

Further company coverage: DSTV.NS

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July 19 (Reuters) - Dish TV India Ltd DSTV.NS:

• DISH TV INDIA LTD- BOARD HAS DECIDED THAT EGM CANNOT BE CALLED DUE TO NUMERICAL AND PROCEDURAL INVALIDITY

• DISH TV INDIA LTD- REQUISITION NOTICE WAS RECEIVED ON JUNE 29 TO CALL AN EGM BY CERTAIN SHAREHOLDERS

• DISH TV INDIA SHARES DOWN 2.1%

Source text for Eikon: ID:nBSE4FWyBR

Further company coverage: DSTV.NS

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May 23 (Reuters) - Dish TV India Ltd DSTV.NS:

• DISH TV INDIA LTD - CEO ANIL KUMAR DUA RESIGNS

• DISH TV INDIA LTD - CONSIDERED APPOINTMENT OF MANOJ DOBHAL AS CEO

• DISH TV INDIA - ADVISED MANAGEMENT TO SEEK PRIOR APPROVAL OF MINISTRY OF INFORMATION AND BROADCASTING FOR APPOINTMENT OF MANOJ DOBHAL AS CEO

Source text for Eikon: [ID:]

Further company coverage: DSTV.NS

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May 12 (Reuters) - Dish TV India Ltd DSTV.NS:

• DISH TV INDIA LTD MARCH-QUARTER CONSOL NET LOSS 17.21 BILLION RUPEES VERSUS LOSS 19.98 BILLION RUPEES

• DISH TV INDIA LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.05 BILLION RUPEES VERSUS 6.43 BILLION RUPEES

Source text for Eikon: ID:nBSE4lZ1bS

Further company coverage: DSTV.NS

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