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India's Dish TV-Videocon d2h merger clears final regulatory hurdle

Dish TV India Ltd. received the final approval from the government for the closing of its merger with Videocon d2h.

Dish TV said Dec. 15 that India's Ministry of Information and Broadcasting approved the request for merger completion.

The merged entity will be called Dish TV Videocon Ltd., to be led by Dish TV Chairman and Managing Director Jawahar Lal Goel. Dish TV and Videocon will own stakes of 55.4% and 44.6%, respectively, in the combined company.

The merger secured the approval of the National Company Law Tribunal in July, a few months after getting the greenlight from shareholders and the Competition Commission of India in May.

In November 2016, Dish TV India and Videocon d2h announced their plan to create a cable and satellite distribution platform that would serve more than 29 million subscribers in India.