Videocon d2h becomes first Indian media company to ring the opening bell at Nasdaq

The D2H company became the first Indian private company since the year 2000 to list overseas, issuing American Depositary Receipts (ADR) worth $325 million to the public

BestMediaInfo Bureau | Mumbai | April 8, 2015

Videocon d2h rang the opening bell at the Nasdaq stock market in New York on April 7, 2015.

Videocon d2h became the first Indian private company since the year 2000 to list overseas, issuing American Depositary Receipts (ADR) worth $325 million to the public. To mark the celebrations, Rajkumar Dhoot, Member of Parliament, and Saurabh Dhoot, Managing Director, Videocon d2h visited the Nasdaq market site at Times Square and rang the symbolic opening bell.

A release issued claimed that Videocon d2h has achieved several milestones through this listing, like becoming the first sizeable Indian listing on US exchanges since 2010 and the first Indian media company to be listed at Nasdaq. At an approximate market cap of $1.15 billion, Videocon d2h has become the most valued Indian company at Nasdaq.

Saurabh Dhoot commented, “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 our Prime Minister. This is the success of thousands of Videocon d2h employees working tirelessly and our customers who believed in our brand, product and services. We have just begun.”

Info@bestmediainfo.com

Info@BestMediaInfo.com