Dish Media Network Goes Public

Dish Media Network Limited, a private company that operates DishHome TV service, has converted to a public limited company with the aim to float Initial Public Offering (IPO) to the general public. This conversion was certified by Office of the Company Registrar on Asadh 18, 2074.

According to the company, DishHome has a nationwide coverage with 80 distributors and approximately 2,000 sub-distributors. It has been operating in all 75 districts with an annual turnover is around Rs 4 arba and has paid up capital of Rs 2 arba. The key shareholders of the company are Prabhu Group, IME Group, and Sandmartin International Holding.

The Securities Board of Nepal (SEBON) has tried to attract companies operating in real sectors to issue shares to the general public. With this, SEBON is aiming to diversify the dominance of financial companies in the capital market.