Apollo India Private Equity Mauritius has sold its entire 3.58% stake in direct-to-home services provider Dish TV for Rs 399 crore. Apollo India Private Equity Mauritius has sold 3,81,23,235 shares, representing 3.58% stake. The shares were sold at an average price of Rs 104.64.
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.