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This is an archive article published on March 13, 2013

Apollo aims to sell 11% stake in India’s Dish TV: sources

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

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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 said.

The stake has a market value of about $290 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)

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