Dish TV India board approves up to Rs. 5 billion nonconvertible issue

By Tali Rackner

Norfolk, Va., July 22 – Dish TV India Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday, inter alia, and approved the issue of up to Rs. 5 billion of nonconvertible debentures on a private placement basis.

There will be a postal ballot notice seeking shareholder consent.

The board also approved and is seeking consent to reauthorize itself to borrow up to Rs. 30 billion over and above the paid-up share capital and free reserves.

India's first direct-to-home entertainment services provider is based in Noida, Uttar Pradesh, India.

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