Apollo aims to sell 11% stake in India's Dish TV: sources
Reuters: Mar 13 2013, 15:51 IST
US private equity firm Apollo Global Management LLC is in talks to sell its 11 percent stake in India's largest direct-to-home satellite service operator Dish TV India Ltd, two sources with direct knowledge of the development said.
The stake has a market value of about $290 million.
Apollo, which manages about $113 billion globally, has hired UBS to run a process to sell its holding, the sources said.
Apollo paid about $100 million for its 11 percent stake in the company in 2009. (Reporting by Nandita Bose and Indulal P.M.; Editing by Tony Munroe)
Previous Story Gold prices up by Rs 125 to regain Rs 30K level Next Story Gold futures prices trade marginally lower on subdued demand
Reader's Comments| Post a Comment
Be the first to comment.
