US private equity firm Apollo Global Management is planning to sell its 11 per cent stake in direct-to-home (DTH) satellite TV service provider Dish TV, which is currently worth a little more than Rs 700 crore. The shares of Dish TV were trading at Rs 66.15 valuing the company at Rs 7,042 crore. On November 23, 2009 Dish TV Ltd had reached an agreement to issue 1,17,035 Global Depositary Receipts (GDRs), at a price of $854.5 per GDR aggregating $100 million to Apollo Management.
Source: http://cablequest.org/news/international-news/item/1866-apollo-global-in-talks-to-sell-11-stake-in-dish-tv.html
Source: http://cablequest.org/news/international-news/item/1866-apollo-global-in-talks-to-sell-11-stake-in-dish-tv.html
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