Dish TV to get Rs 750cr from promoter group

The board of directors of Dish TV India, which met on April 27, 2007 approved a proposal to re-organise and increase the authorised share capital from Rs 73 crore to Rs 825 crore, and issue non-cumulative, non-convertible redeemable preference shares of Rs 100 each up to Rs 750 crore on private placement to the promoter group.

According to a release issued by Dish TV to the BSE today, the meeting also approved the appointment of Dr. Pritam Singh, Professor of Eminence, Management Development Institute, Gurgaon as an additional independent director of the company.