Rakesh Jhunjhunwala’s firm Rare Enterprises has picked up 130 million shares, amounting to 0.71 per cent stake of direct-to-home operator Dish TV India for nearly Rs 93 crore, through an open market transaction. The shares were purchased at an average price of Rs 71.3, valuing the transaction at Rs 92.69 crore.
Dish TV is India's largest Direct to Home television operator using MPEG 4 DVB S2 and MPEG 2 digital compression technology.