Dish TV re-evaluates Videocon d2h merger deal; stock falls 8%

The stock dipped 8% to Rs 77 on NSE on back of heavy volumes.

Dish TV India has dipped 8% to Rs 77 on the National Stock Exchange (NSE) in intra-day trade after the company said that it is evaluating the impact of reported insolvency proceedings initiated against certain entities of the Videocon group on its proposed merger with Videocon d2h.

At 10:10 am; the stock was down 7% at Rs 77.95 on back of an over two-fold jump in trading volumes. A combined 16.04 million shares changed hands on the counter on NSE and BSE.

The stock of Videocon Industries was trading 2.3% higher at Rs 24.55 on NSE. It bounced