Dish TV India passes Board Resolution for a Proposed Equity Offering

Dish TV India, India’s first direct to home(DTH) service provider, has notified that the Issue Committee of Directors of the Board of Directors of the Company in its meeting held on November 23, 2009 has approved the creation, issue, offer and allotment of securities of the Company by way of an issue of equity shares of the Company of par value of Re. 1 each in the form of Global Depositary Receipts (GDRs), in accordance with applicable law including the Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipts Mechanism) Scheme, 1993, as amended, up to the extent of outstanding Equity Shares permitted under the authorized share capital of the Company with the proceeds from the Issue not exceeding US$100 million.

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