Dish TV sells stake to Indivision India

Dish TV India Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 04, 2008, have accorded their consent to issue and allot following securities, in one or more tranches through a Preferential Allotment, to M/s. Indivision India Partners, a Mauritius-based Private Equity Fund:

(a) 12,500,000 (Twelve Million Five Hundred thousand) Equity Shares of Re 1 each for cash at a price of Rs 100/- per equity share (including premium of Rs 99/- per equity share); and

(b) 9,615,385 (Nine Million Six-hundred Fifteen Thousand Three Hundred and Eighty-five) equity warrants, entitling the warrant holder(s) from time to time, in one or more tranches, at their option, to convert the warrants into, and apply for, equal number of equity shares of Re 1/- each for cash at Rs 130/- per equity share (including premium of Rs 129/- per share)

in accordance with Chapter XIII, relating to issue of Shares on Preferential basis, of SEBI (Disclosure and Investor Protection) Guidelines, 2000.

Kotak Institutional - Dish TV

Kotak Institutional has reduced the target price of Dish TV from 115 to 100

TRAI has laid down stringent QOS for DTH is the reason for the cut in the target price