Indian Pay-TV Operator To List In US After $300M Stake Sale

Law360, New York (January 6, 2015, 1:28 PM EST) -- Videocon d2h Ltd. will sell at least $303.7 million worth of its shares to Silver Eagle Acquisition Corp., the companies said Monday, and the satellite television provider will subsequently become the first U.S.-listed Indian Pay-TV operator.

The move, announced late Monday evening, sees Silver Eagle, a company founded by two former Hollywood executives Harry Sloan and Jeff Sagansky, buying a minimum of 33.5 percent of the existing equity capital of Videocon d2h. That percentage could rise to as much as 38.6 percent, with the monetary value of the deal jumping to $375 million, depending on how interested Silver Eagle shareholders are...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!