DTH
Dish TV reduces STB rate, offers 1-month free subscription
MUMBAI: DTH player Dish TV is looking at various ways to stay strong in the market. The latest move is to reduce the price of its set top boxes. Dish TV has slashed the rate of its most premium STB. Now, Dish TV NXT STB will be available for Rs 1590, which is Rs 50 less than the previous cost.
Usually, the price would only cover the cost of the STB but now the DTH operator is also offering a free one-month subscription, lifetime warranty and coupons worth Rs 2000, according to reports. This means that subscribers won’t have to pay a penny for HD channels for one month.
The NXT STB has a smart and easy user interface with intuitive functionalities. It also has multi-lingual support as well as games.
Other DTH players have also taken similar steps recently. Airtel Digital TV slashed rates by Rs 200 while Tata Sky is offering both SD and HD STBs for Rs 400 less.
These decisions by DTH players sound like strategies to counter the threat that is being posed by the giant in Jio. The upcoming Jio Home TV is said to rely on its own GigaFiber network to show TV channels. Rumours abound that Jio’s service will cost just Rs 600 where people can watch free channels and get 100 GB worth of data as well as free voice calls. The Jio Triple Play is what it is being called.
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MUMBAI: In a breather for Dish TV India, JC Flowers Asset Reconstruction has withdrawn its petition before the National Company Law Tribunal seeking directions to convene an extraordinary general meeting.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.
