Apollo aims to sell 11% stake in India's Dish TV: sources

Reuters : Wed Mar 13 2013, 15:51 hrs

Ads by Google

Top Stories

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)

Ads by Google

ALSO READ

Prepaid cards have fewer controls on them than on regular credit and debit cards issued by banks. (Reuters)

Prepaid debit cards: a weak link in bank security

Addressing the shortage of housing in the country poses a significant challenge.

Low-cost housing: Want cheaper funds, and more

SC annuls Orissa HC order on iron ore licence to Posco

Reliance Communications Q4 net profit down over 8% in quarter

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).