Excelsior Correspondent
JAMMU, Apr 7: Videocon d2h, India’s fastest growing DTH Company achieved yet another milestone, as it rang the opening bell at the prestigious Nasdaq stock market in New York.
Videocon d2h became the first Indian private company since the year 2000 to list overseas, issuing ADR worth $325 million to the public.
To mark the celebrations, Raj Kumar Dhoot, Member of Parliament, India and Saurabh Dhoot, Managing Director of Videocon d2h visited the Nasdaq Market site and rang the symbolic opening bell.
Videocon d2h has achieved several milestones through this listing like becoming the first sizeable Indian listing on US exchanges since 2010 and the 1st Indian Media company to be listed at Nasdaq. At an approx market cap of $1.15 billion, Videocon d2h has become the most valued Indian company at Nasdaq.
Saurabh Dhoot said, “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”.
Videocon d2h has launched many firsts in the Indian DTH industry like the first to launch the 4K Ultra HD Channel, 1000 GB High Definition Digital Video Recorder, Radio Frequency Remote for DTH, Wireless DTH Headphones, 500 channels and services.
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