Something like this available here ? (HDMI switcher)

[hitesh12]

http://www.monoprice.com/Product/?c_id=101&cp_id=10110&cs_id=1011002&p_id=5557

....and cheaper too ?

What I need - SPDIF or Coaxial Support to connect 5.1 speakers
and Dolby support (AC-3 codec basically)

 

[axeman]

Yes. ebay.in or aliexpress are your best bets. I got one without the SPDIF on dx.com for 7 USD.

 

[hitesh12]

Yes. ebay.in or aliexpress are your best bets. I got one without the SPDIF on dx.com for 7 USD.

Hey can you share the link ?

EDIT : Did you bought an optical one (RCA) ?