Dish TV slips 10% on demand notice of Rs 4,164 crore from govt

The company said the DTH License fee matter has already been through several rounds of litigation, the final outcomes of which are yet to be argued and concluded

Shares of Dish TV India tumbled 10 per cent to Rs 13.35 on the BSE on Monday, falling 14 per cent in the past two trading days on profit booking after the company said it has received a demand notice from the government for payment of Rs 4,164.05 crore, which includes licence fee and interest.

The stock of the broadcasting & cable TV operator hit a 52-week high of Rs 16.30 on Wednesday in intra-day trade. Prior to two days' decline, the stock had outperformed the market by surging 60 per cent in the month of December.

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