Previously ASC Enterprises, Dish TV India got demerged from Zee Entertainment Enterprises (ZEEL) with effect from 12 February 2007
Dish TV India lists on the bourses on Wednesday (18 April 2007). Dish TV India, previously known as ASC Enterprises, got demerged from Zee Entertainment Enterprises (ZEEL) with effect from 12 February 2007 as part of the Zee group’s restructuring exercise.
The listing of Dish TV, which was earlier expected in late-March 2007, was delayed by regulatory approvals.
Dish TV commenced its operations in May 2005 by launching DTH services and was the first private Indian company to initiate DTH satellite broadcast operations in the country.
The shareholders of ZEEL were allotted 5.75 shares of Dish TV for every 10 shares held in ZEEL.
The paid-up equity capital of Dish TV India is Rs 42.82 crore. The face value per share is Re 1.
ENAM India Research, in a curtain raiser, has issued 'buy' rating on the scrip at Rs 120. Citigroup has estimated a fair value of Rs 90 - Rs 120 for Dish TV.