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DishTV India does Private Placement

April 19, 2007

Essel Group sources just a while ago informed us that they have raised Rs 445 crore to help fund expansions of group companies Dish TV India and Wire and Wireless India.

The company has placed 3.84 crore shares (9%) of newly-listed direct-to-home broadcaster Dish TV with institutional investors. Dish TV had listed at Rs 120 on debut on Wednesday, closing trade at Rs 102.55, after it was spun off from top listed media firm Zee Entertainment Enterprises.

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