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.
