Published on 12/01/2018 2:44:20 PM | Source: Dion Global Solutions Ltd

Dish TV falls 8% on re-evaluating deal with Videocon

Shares of Dish TV India tumbled nearly 8 per cent on the Bombay Stock Exchange 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. Reacting to the news, stocks of the company declined as much 7.98 per cent to touch an intra-day low of Rs 77.25 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the firm were trading 6.03 per cent lower at Rs 78.70 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 34,531.64, up 28.15 points, or 0.08 per cent, at 14:15 hours.