US private equity firm Apollo Global Management LLC is reportedly planning to sell its 11% stake in India’s largest direct-to-home satellite service operator Dish TV India. The stake has a market value of about $290 million.
Earlier in 2009, Apollo Global, which manages about $113 billion globally, paid about $100 million for its 11% stake in the company.
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, which is growing.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 81.06 |
| Sun TV Network | 641.25 |
| GTPL Hathway | 69.83 |
| Network 18 Media Inv | 36.38 |
| TV Today Network | 114.27 |
| View more.. | |
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