Dish TV
CLSA on Dish TV : 02.07.2021
* Buy, TP Rs 17
* In FY21 co repaid loans of Rs10bn
* Debt at Rs8bn is down 70% since FY19
* Rs10bn rights issue coming
* Co has been in an share pledging crisis & promoter ownership is down to c.7% from 55%, but a resolution is likely & will be key trigger
CLSA ON DISH TV : 01.07.2021
* MAINTAIN BUY TARGET: 17
* Dish TV has repaid Rs 1,000 cr debt in FY21, CLSA has a BUY call on the stock
* In FY21 Co Repaid Loans Of *1,000 Cr
* Debt At *800 Cr, Down 70% Since FY19
* It Has Been In A Shr Pledging Crisis & Promoter Ownership Is Down To 7%
* Resolution Is Likely & It Will Be Key Trigger For Stock
