Dish TV, a direct broadcast satellite service provider owned and operated by the Zee Group, is going ahead with its plan to raise funds.
According to a new paper, the company’s board will meet soon to consider fundraising plans. The company is looking forward to raising almost Rs 1,000 crore via rights issue. The value of per share may be Rs 12-13 and will be in the ratio of 2:1.
The promoters currently own 7% shares and more than 30% stake is with the lenders like of Yes Bank, HDFC Bank, IndusInd Bank.
Most of the institutions are unlikely to participate in this rights issue, which will mean that all the unsubscribed portion of the issue can be bought by the promoters, which means the promoters will be able to increase their stake in Dish TV.
