Apollo Aims to Sell 11% of India’s Dish TV

U.S. 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, Reuters reported on Wednesday. The stake has a market value of about $144 million. Apollo, which manages about $113 billion globally, has hired UBS to run a process to sell its holding.

(Reuters) – U.S. 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 $144 million.

Apollo, which manages about $113 billion globally, has hired UBS to run a process to sell its holding, the sources said.

Apollo paid about $100 million for its 11 percent stake in the company in 2009. (Reporting by Nandita Bose and Indulal P.M.; Editing by Tony Munroe)