Apollo India Private Equity (PE) II (Mauritius) has reduced its stake in direct-to-home services provider Dish TV by 4.4 per cent through sale of 4.69 crore shares worth Rs 497 crore. The private equity firm which held 7.98 per cent stake in the company brought down its shareholding to 3.58 per cent.
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.
