Videocon d2h intends to voluntarily delist its American depositary shares from the Nasdaq Global Market and to deregister with the SEC, in connection with its amalgamation with Dish TV India Ltd.
The company previously announced plans to delist its ADSs from Nasdaq in December 2017, but on Dec. 26, 2017, Videocon said the timetable for effectiveness of the scheme of amalgamation and delisting would be revised and disclosed later.
The last day of trading of the Videocon d2h ADSs on Nasdaq is expected to be on or about April 4, and the delisting of the Videocon d2h ADSs from Nasdaq is expected to take effect on or about April 5, the company said in an SEC filing.
As a result, Videocon d2h anticipates that a Form 25 will be filed by Nasdaq with the SEC on or about April 5 to effect the delisting. The delisting will be effective on the date of such filing.
The amalgamation with Dish TV India is expected to become effective on or about March 22 upon the filing with the Registrar of Companies, Maharashtra, of the order of the court approving the scheme by both Videocon d2h and Dish TV.
