DTH player Dish TV likely to go for rights issue of Rs 1,000 crore

The promoters had offered a substantial portion of their equity as security for the credit facilities availed of by Essel Group

Direct-to-home (DTH) player Dish TV is considering a Rs 1,000-crore rights issue. A board meeting on this is expected to be called soon, disclosed merchant banking sources. 

The promoters in the DTH company, who have pledged their shares to pay off group debt, had looked at various methods, including talks with Airtel, to sell the company.  However, the on-off discussions did not fructify in a deal.  

A spokesperson for Essel Group, however, declined to comment on the issue till the time of going to press. 

The shares of the company closed on Thursday at Rs 15.5 — down 8.82 per cent.  

In a regulatory