MUMBAI: Direct-to-home (DTH) service provider Dish TV has fixed the price of its rights issue at Rs 22 per equity share. The rights issue price includes a premium of Rs 21 per equity share leading to the equity shareholder of the company in the ratio of 121 equity share for every 100 shares.

Dish TV is planning to raise Rs 11.4 billion, through the rights issue of shares to fund its expansion plans.

As reported earlier by Indiantelevision.com, out of the proceeds of the issue, Dish TV intends to use Rs 7.90 billion towards subscriber acquisition cost and Rs 3 billion for repaying loans.

“The total issue price is 22 times of the face value of the equity share. The issue price for the Equity shares will be paid in two installments;. 50 per cent issue price will be payable on application and balance 50 per cent of the issue price will become payable at the option of the company,” says an official statement.