Videocon d2h becomes 1st Indian media company to ring the opening bell at NASDAQ today
Videocon d2h becomes 1st Indian media company to ring the opening Bell at NASDAQ today 7th April 2015, Mumbai: 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 today
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, Mr Rajkumar Dhoot – Member of Parliament – India & Mr. Saurabh Dhoot – Managing Director of Videocon d2h visited the Nasdaq Market Site at Times Square 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 & 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.
Mr. Saurabh Dhoot – Managing Director, Videocon d2h 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 Hon’ble 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.