The Dish TV-Videocon d2h merger was completed on March 22, 2018 and since then the promoter group entities of Dish TV have made an offer to buy an additional 26 percent equity stake.

The stock has been buzzing since then with a 17 percent gain in the last month. Jawahar Goel, CMD of Dish TV India spoke about the merger and gave his outlook for the future.

Goel said that reduction in content cost will be a key synergy from merger with Videocon d2h.

Talking about promoter stake, Goel said, “The Videocon promoters were to get around 28 percent of the combined entity; 5 percent we already exercised. We had an arrangement to buy 10 percent. We have already done 5 percent and we did an open offer. We are waiting for the approval from the Sebi and we will proceed with that.”

He further said that the funding will be done by holding companies.

“Dish TV debt is around Rs 1,200-1,300 crore and Videocon is also coming with a debt of around Rs 1,800 crore,” said Goel.