DTH
Bharti Airtel confirms it is discussing potential Tata Play DTH merger
MUMBAI: Bharti Airtel has confirmed it is in discussions with the Tata group regarding a potential merger of their direct-to-home (DTH) operations.
In a brief statement, filed with the Bombay stock exchange, Bharti Airtel acknowledged that the two companies are in bilateral talks exploring the combination of Tata Play Ltd with Bharti Telemedia Ltd, a subsidiary of Airtel. The potential transaction would need to be structured in a manner “acceptable to all parties.”
It however cautioned that discussions remain at an early stage, with no firm agreements reached.
The clarification follows reports in mainstream media about an imminent “mega DTH merger” between the two business groups.
If successful, the merger would create one of India’s largest DTH operators, potentially reshaping the country’s pay television landscape.
Neither company has provided details regarding timeframes, valuation, or potential regulatory hurdles that would need to be addressed for the transaction to proceed.
DTH Operator
JC Flowers withdraws NCLT plea against Dish TV over EGM demand
Move eases pressure on DTH firm as long-running shareholder dispute cools
MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.
The development was disclosed by Dish TV in a regulatory filing, confirming that the petitioner chose to withdraw the case during a hearing at the Mumbai bench of the tribunal. A detailed order from the bench is still awaited.
The petition, originally filed under Sections 98 to 100 of the Companies Act, 2013, sought to push for an extraordinary general meeting to address governance issues at the company. The case had its roots in a prolonged shareholder tussle dating back to 2021, when Yes Bank, then the largest shareholder, was at odds with the promoter group led by Subhash Chandra over board reconstitution.
JC Flowers had stepped into the picture as an assignee of Yes Bank’s stressed assets, effectively continuing the legal push initiated earlier. The withdrawal now signals a pause, if not a closure, to that chapter of dispute.
While the reasons behind the withdrawal have not been formally detailed, the move reduces immediate legal pressure on Dish TV, which has been navigating both operational and regulatory challenges in recent years.
For now, the focus shifts back to the company’s business fundamentals, even as the legal dust settles, at least temporarily, on one of its more closely watched shareholder battles.
