Corporate Announcement
Security Code : 532839    Company : DISHTV    
 
Outcome of Board Meeting 
  Exchange Disseminated Time     
Dish TV India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2014, inter alia, has approved the following matters:

1. making loans / investments or giving guarantee or providing any security under Section 372A and other applicable provisions of the Companies Act, 1956 and the notified provisions of the Companies Act 2013, for an additional amount of Indian Rupees 30 Crores only, the aggregate amount of loans / investments / guarantees not exceeding Indian Rupees 100 crores only, in Dish T V Lanka (Private) Limited, over and above the limits prescribed under the said section.

2. making an initial investment of upto Indian Rupees One Lakh only, under Section 372A and other applicable provisions of the Companies Act, 1956 and the notified provisions of the Companies Act 2013, for acquiring/investing through purchase / transfer, the entire share capital of Xingmedia Distribution Private Limited over and above the limits prescribed under the said Section.

The Board has also approved the Postal Ballot Notice for seeking the approval of the members of the Company for the above mentioned matters under the applicable provisions of the Companies Act, 1956 and the notified provisions of the Companies Act 2013.
 

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