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Business 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.
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.