Bharti Airtel and Tata Group have terminated discussions for a merger of their direct-to-home (DTH) business, according to a Bombay Stock Exchange (BSE) filing on Saturday.
Market regulator Sebi has sought clarifications from the merchant banker of Videocon D2H Ltd, the satellite television arm of Videocon Group, regarding the company's proposed Rs 700 crore (Rs 7 billion) initial public offer (IPO).
'The idea is to frame the ToR quickly, so that Trai can begin its consultations with industry stakeholders.'
It is also considering to mop-up Rs 50 crore through a pre-IPO placement.
'People want to know the life led by those living in Pakistan.'
The film will releases both in theatres and digitally, reveals Subhash K Jha.
The company, which has filed its documents with the market regulator, Securities and Exchange Board of India, is also looking to raise up to Rs 50 crore (Rs 500 million) by pre-IPO placement of up to 10 million shares.
The DTH industry had been growing at an explosive rate, with 100 per cent increase in customer base and a steady income from customers.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
With the Telecom Regulatory Authority of India (Trai) directive for operators offering digital television services to allow consumers to select and pay subscription for channels they choose to watch, instead of offering only bundled packages, direct-to-home (DTH) service companies have begun rolling out the services.
At a time the industry is slashing headcount, citing the downturn, direct-to-home (DTH) television service providers are adding employees.
Diversified business house Videocon Group is making an ambitious foray into the direct-to-home services with plans to garner one crore (10 million) subscribers in the next six years.
Monte Carlo has raised a little above Rs 100 crore (Rs 1 billion) from anchor investors at Rs 645 a share.
Demerging print and TV news businesses will allow for separate investment by interested players.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
Sebi has long struggled with balancing the needs of small investors and those of the market.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
'We should become an all-encompassing entertainment and information destination," says chairman Subhash Chandra, who monitors the group on a monthly basis, leaving the day-to-day operations to the chief executive officers.
Deal to help RCom reduce debt, Sun gain subscribers in new markets
With a string of deals with telecom service providers, DTH operators and Bollywood stars, Netflix goes all out to protect its turf in India and fend off competition, says Viveat Pinto.
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