India’s largest direct-to-home (DTH) player Dish TV has merged with NASDAQ-listed Videocon d2h to form one of the largest pay TV operators in the world with 27.6 million net subscribers, reported ET..The combined entity (Dish TV Videocon) is estimated to be valued at about Rs. 17,000 crore (USD 2.5 billion approximately). Dish TV will own 55.4% and Videocon a 45.6% stake in the new company..DealVideocon d2h merges with Dish TVValueAround 17,000 croreDeal TypeM&ASectorITLaw FirmsLuthra & Luthra – Dish TV; Shardul Amarchand Mangaldas – Videocon d2h; Shearman & Sterling – Videocon d2h and Dish TV (International Counsel)Partners/HeadsLuthra & Luthra – Mohit Saraf, William Vivian John and Vaibhav Kakkar; Shardul Amarchand Mangaldas – Gunjan Shah.Luthra & Luthra acted for Dish TV through a team led by Senior Partner Mohit Saraf and Partners William Vivian John and Vaibhav Kakkar..Shardul Amarchand Mangaldas acted as Indian counsel for Videocon d2h with a team led by Partner Gunjan Shah..Shearman & Sterling was the international counsel for both Dish TV and Videocon d2h and the team was led by London Partner George Karafotias.
India’s largest direct-to-home (DTH) player Dish TV has merged with NASDAQ-listed Videocon d2h to form one of the largest pay TV operators in the world with 27.6 million net subscribers, reported ET..The combined entity (Dish TV Videocon) is estimated to be valued at about Rs. 17,000 crore (USD 2.5 billion approximately). Dish TV will own 55.4% and Videocon a 45.6% stake in the new company..DealVideocon d2h merges with Dish TVValueAround 17,000 croreDeal TypeM&ASectorITLaw FirmsLuthra & Luthra – Dish TV; Shardul Amarchand Mangaldas – Videocon d2h; Shearman & Sterling – Videocon d2h and Dish TV (International Counsel)Partners/HeadsLuthra & Luthra – Mohit Saraf, William Vivian John and Vaibhav Kakkar; Shardul Amarchand Mangaldas – Gunjan Shah.Luthra & Luthra acted for Dish TV through a team led by Senior Partner Mohit Saraf and Partners William Vivian John and Vaibhav Kakkar..Shardul Amarchand Mangaldas acted as Indian counsel for Videocon d2h with a team led by Partner Gunjan Shah..Shearman & Sterling was the international counsel for both Dish TV and Videocon d2h and the team was led by London Partner George Karafotias.