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June 14, 2018 12:05 PM | Business

Combined D2H market share to be 37% with the merger, says Dish TV

In direct-to-home (DTH) category, we are having 37-38% market share, said Jawahar Goel, Chief Managing Director, Dish TV India.

Earlier today, ace investor Rakesh Jhunjhunwala’s firm, Rare Enterprises, picked up 1.30 crore shares of Dish TV India for nearly Rs 93 crore, through an open market transaction.

India's leading direct-to-home television operator, Dish TV India's Rs 3,701 crore open offer will be closing on June 18.

Speaking to CNBC-TV18, Goel said, "Promoter, family and friends have 38% shareholding. We had further bought 5% from Videocon family. So the promoter is holding around 43%. We had made an open offer for 26%. So, after the open offer is open, we will know who tenders the shares."

“We had given guidance to our investors in our conference call, about 9-10% revenue increase and on the synergy side, what we are looking for this financial year is Rs 530 crore, which include some capex side as well as on the operation side some revenue enhancement as well. So for the next financial year, we are conservatively looking at a synergy of around Rs 750 crore,” he added.

He further mentioned that company expect revenue growth of 7-8% in FY19.
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