Top
Millennium Post

Videocon d2h now on Nasdaq; 1st Indian pvt co in 15 yrs to list overseas

"Our listing on the NASDAQ Stock Exchange is a major corporate milestone for the entire Indian Media industry not just Videocon d2h and a testament to the tremendous progress we have made under the Digital India vision" of Indian Prime Minister Narendra Modi, Videocon d2h Managing Director Saurabh Dhoot said.

Videocon d2h has become the first Indian private company since the year 2000 to list overseas, issuing American Depository Receipts worth $325 million to the public. It also became the first sizeable Indian listing on US exchanges and the first Indian Media company to be listed at Nasdaq.

At market cap of about $1.15 billion, Videocon d2h has become the most valued Indian company
at NASDAQ.
Next Story
Share it