US private equity firm Apollo Global Management LLC is in talks to sell its 11 percent stake in India's largest direct-to-home satellite service operator Dish TV India Ltd , two sources with direct knowledge of the development told Reuters on Wednesday.
The stake has a market value of about USD 290 million. Apollo, which manages about USD 113 billion globally, has hired UBS to run a process to sell its holding, the sources said. Apollo paid about USD 100 million for its 11 percent stake in the company in 2009.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
