Dish TV shareholders allow raising $200 mn
Direct-to-home service provider Dish TV India Ltd today said its shareholders have approved raising USD 200 million (Rs 950.11 crore) by issuing any security convertible into equity shares.
By PTI |
MUMBAI: Direct-to-home service provider Dish TV India Ltd on Monday said its shareholders have approved raising USD 200 million (Rs 950.11 crore) by issuing any security convertible into equity shares.
The shareholders took a decision to this effect at its 21st annual general meeting held on Monday, Dish TV India said in a filing with the Bombay Stock Exchange.
The shareholders further gave nod to increase the borrowing powers to Rs 3,000 crore, it said.
The annual general meeting approved re-appointment of Pritam Singh and Arun Duggal as non-executive independent directors retiring by rotation, it said.
The shareholders also resolved to hike the authorised share capital of the company to Rs 135 crore and approved consequent modification in memorandum of association of the company, it said.
Shares of the company closed at Rs 45.80, up 3.74 per cent from previous close on the BSE.
The shareholders took a decision to this effect at its 21st annual general meeting held on Monday, Dish TV India said in a filing with the Bombay Stock Exchange.
The shareholders further gave nod to increase the borrowing powers to Rs 3,000 crore, it said.
The annual general meeting approved re-appointment of Pritam Singh and Arun Duggal as non-executive independent directors retiring by rotation, it said.
The shareholders also resolved to hike the authorised share capital of the company to Rs 135 crore and approved consequent modification in memorandum of association of the company, it said.
Shares of the company closed at Rs 45.80, up 3.74 per cent from previous close on the BSE.
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