WestBridge buys Videocon DTH shares worth $36 mn
Shares of Videocon d2h shot up 3.1% on Nasdaq on Thursday
 "WestBridge buys Videocon DTH shares worth $36 mn")
WestBridge Crossover Fund has acquired 5.2% stake worth $36.26 million in Nasdaq-listed Videocon d2h Ltd, the fund announced in a disclosure to the US Securities and Exchange Commission.
Reacting to the news, shares of Videocon d2h Ltd shot up 3.10% during trading on Thursday on Nasdaq, hitting $6.66-mark.
Deutsche Bank dropped their target price on shares of Videocon d2h Ltd – from $14.85 to $14.50 and set a “buy” rating on the stock in a report dated January 29th.
The company is one of India’s biggest direct to home player with over 9 million customers and had listed its shares on Nasdaq last year to raise $325 million.
Deutsche Bank dropped their target price on shares of Videocon d2h Ltd – from $14.85 to $14.50 and set a “buy” rating on the stock in a report dated January 29th.
The company is one of India’s biggest direct to home player with over 9 million customers and had listed its shares on Nasdaq last year to raise $325 million.