Dish TV India up 6% after promoters make open offer at Rs 74 per share

Thus far in the calendar year 2018, shares of Dish TV India had underperformed the market by falling 10% as compared to a marginal 0.44% decline in the S&P BSE Sensex till Wednesday

Dish TV India has moved higher by 6% to Rs 78.20 on the BSE in noon deal, after the promoters have made an open offer at price of Rs 74 per share.

“World Crest Advisors LLP together with Veena Investments Pvt Ltd and Direct Media Distribution Venture Pvt Ltd have made an open offer to acquire around 500 million equity shares, which represents about 26% of the emerging share capital of Dish TV at a price of Rs 74 per share aggregating to Rs 37 billion,” Dish TV said in a regulatory filing.

Today, on April 12, 2018,