Citigroup Global Markets and Birla Sun Life have bought 64 lakh shares and 67.95 lakh shares of Dish TV, respectively. They bought the shares at an average price of Rs 81.75. However, Apollo India Private Equity sold 3.2 crore shares of the company. With this, Apollo PE has exited from Dish TV.
This bodes well for Dish TV, as the shares will now be held by a clutch of investors rather than remain concentrated in a single hand.
Dish TV is India’s largest direct-to-home company and part of the biggest media conglomerate - Zee Group. Dish TV has on its platform 400+ channels and services including 21 audio channels with 13.5 million subscribers.
Company Name | CMP |
---|---|
Zee Entertainment | 147.00 |
Sun TV Network | 748.40 |
GTPL Hathway | 157.50 |
TV18 Broadcast | 40.57 |
Den Networks | 47.80 |
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