Dish TV to raise Rs 200 crore via pvt placement

Direct-to-Home service provider Dish TV today said it plans to raise Rs 200 crore through private placement.
The board in its meeting held today approved the plans to issue 200 debentures having face value of Rs 1 crore each, Dish TV informed BSE.
According to Dish TV, the board approved "terms and condition upon which the company will issue, on a private placement basis, up to 200 rated, unlisted, redeemable, non-convertible debentures of the face value of Rs 1 crore each for cash aggregating upto Rs 200 crore".
It further said that the issue would open on September 30, 2014.

The board has also approved the appointment of Asha Swarup as additional independent director of the company.
Shares of Dish TV today closed at Rs 54.05 apiece on the BSE, down 1.37 per cent from previous close.