DishTV and Videocon D2H have received approval for their merger from the Competition Commission of India. Separately, shareholders in NASDAQ-listed Videocon D2H also gave the green light for the deal according to this SEC filing. The merger deal is now pending approval from Indian courts is expected to receive final approval by second half of 2017. Once combined, DishTV will own a majority of 55% stake, while Videocon will have the remaining 45% in the combined entity, called Dish TV Videocon Limited. Jawahar Goel (current Dish TV MD) will be the Chairman and MD of the company. The entity will have a total subscriber base of more than 28 million, out of which Dish TV contributes a higher base of 15.3 million. Additionally, the merged entity claims to have a revenue base of Rs 5,915.8 crore and EBITDA margin of Rs 1,826.2 crore as…
