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News Roundup: Reliance Big TV Seeking To Sell Stake; Videocon DTH In May, Multiplex Trouble

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imageBusiness Standard reports that Reliance Big TV, the direct-to-home service of the Anil Dhirubhai Ambani Group, is in talks with a clutch of marquee private equity firms such as Sequoia Capital, Carlyle Group, KKR as well as US-based DTH firm Direct TV, to offload a 49% stake. Indian laws allow 49% foreign investment in DTH companies. The company hopes to raise Rs8,000 crore, the story says, citing investment banking sources.

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Consumer durables major Videocon will launch its DTH service in May, reports PTI. A soft launch of the service was done on Tuesday in Macau, in the presence of some 2,500 dealers.