Zee Group’s direct-to-home (DTH) service arm Dish TV has received clearance from the Competition Commission of India (CCI) for its proposed merger with Videocon Group’s DTH arm Videocon d2h. It has already received approval from the Securities and Exchange Board of India (Sebi), the National Stock Exchange (NSE) and the BSE for the merger. Dish TV, as per directions of the National Company Law Tribunal (NCLT), has convened shareholders’ meeting on May 12 to secure their approval.
Currently, Dish TV has an active subscriber base of 15.5 million, while that of Videocon d2h stands at around 12.2 million. The DTH industry as a whole has around 62 million active subscribers.