With Dish TV stock being on the upsurge for the last one year, US private equity firm Apollo Global Management LLC has sold part of its stake to take home Rs 262.53 crore (Rs 2.625 billion). Apollo has sold 3 per cent of its stake, or 32 million shares, at an average price of Rs 82.04 per share. The stake was acquired in an open market transaction on Friday by a portfolio investment unit of Citigroup and a mutual fund under Birla Sun Life. Apollo’s remaining 8 per cent stake in Dish TV is worth Rs 721 crore (Rs 7.21 billion). Shares of Dish TV closed Friday at Rs 84.90 apiece on BSE.
Read more at: http://www.televisionpost.com/dth/apollo-global-sells-3-stake-in-dish-tv-for-rs-263-crore/ | TelevisionPost.com
Read more at: http://www.televisionpost.com/dth/apollo-global-sells-3-stake-in-dish-tv-for-rs-263-crore/ | TelevisionPost.com
