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DishTV to raise $200 Million through securities
Wednesday, 19 August 2009, 14:24 IST
Mumbai: Direct-to-home (DTH) major DishTV Tuesday said it will raise up to $200 million (
1,000 crore) through issue of securities in the domestic and international markets.
The company's shareholders approved in the annual general meeting the issuance of securities, including foreign currency convertible bonds (FCCBs), global depository receipts (GDRs) and private placement of shares to institutional investors for raising an aggregate amount of $200 million, Dish TV said in a regulatory statement.
The shareholders also increased the borrowing limit of the company from 2,000 crore in 2008 to 3,000 crore this year.
Source: IANS
1,000 crore) through issue of securities in the domestic and international markets.
The company's shareholders approved in the annual general meeting the issuance of securities, including foreign currency convertible bonds (FCCBs), global depository receipts (GDRs) and private placement of shares to institutional investors for raising an aggregate amount of $200 million, Dish TV said in a regulatory statement.
The shareholders also increased the borrowing limit of the company from 2,000 crore in 2008 to 3,000 crore this year.
Source: IANS