The board, at its meeting held on 17 February 2021 considered various options for fund raising and granted in principal approval to explore and initiate the process of fund-raising through permissible modes and issue of permissible securities, for an amount upto Rs 1,000 crore, in one or more tranches ('Issue'), in accordance with applicable laws.

Dish TV India is engaged in the business of direct to home (DTH) and teleport services. The company's segments include DTH and teleport service, and infra support services. It is also engaged in the business of broadcasting of other satellite telecommunications activities.

On a consolidated basis, the company posted a net profit of Rs 86.41 crore in Q3 FY21 as against a net loss of Rs 66.77 crore in Q3 FY20. Net sales declined 6% to Rs 815.67 crore in Q3 FY21 over Q3 FY20.

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The Board of Dish TV India at its meeting held on 17 February 2021 has approved fund raising up to Rs 1000 crore in one or more tranches through issue of permissible securities.

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Dish TV India will hold a meeting of the Board of Directors of the Company on 17 February 2021.

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The Board of Dish TV India will meet on 17 February 2021 to consider the proposals for fund raising through equity / equitylinked instruments / debt instruments and / or any other instrument or security, convertibleinto Capital, through permissible modes including but not limited to a preferential issue,qualified institution placement, rights issue, further public offer or any other such permissiblemodes as may be recommended and approved by the Board, in one or more tranches / series,subject to such consents and regulatory / statutory approvals as may be required, in thatregard.

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