Announced Fri, 31 Jul · 18:03 IST
Dish TV subsidiary starts arbitration to recover 130 crore from vendor
DISHTV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹2.87
prior close
₹2.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.4+0.0+0.0-1.4-1.7-4.2+0.7-0.7-1.7-3.1-8.7——
Up moveDown movePending
AI summary
Dish TV India's wholly-owned subsidiary Dish Infra Services has begun arbitration proceedings in Delhi against vendor DCPlay Distribution to recover dues of Rs 130 crore plus interest. DISPL had advanced funds to DCPlay for procurement of refurbished set top boxes and other services, but DCPlay failed to comply with the agreed terms. The financial impact will depend on the final arbitration order.
Likely market impact
Recovery of 130 crore would be a positive cash inflow if arbitration succeeds, but outcome is uncertain as proceedings just began.