Dish TV to infuse Rs 16 billion in two years

Dish TV to infuse Rs 16 billion in two yearsDish TV, a leading Subhash Chandra-promoted DTH company, has announced that it envisages to pump Rs 16 billion in next two years with the aim to expand its distributorship network and product portfolio.

According to sources, the conglomerate plans to enhance annual revenue by almost 65% this fiscal in order to achieve a turnover of Rs 12.50 billion.

In a separate release, the company has informed that it would be undertaking a campaign to increase its distribution network, besides adding more than 200 channels to its existing portfolio of 240 channels.

Stock price of  Dish TV ended the day in red at Rs 39, down 1.13% on National Stock Exchange (NSE). The total volume of shares traded on NSE was 14,242,647. The stock has touched an intraday high of Rs 40 and low of Rs 37 on National Stock Exchange (NSE).

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