Dish TV Raises $100 Million From PE Firm Apollo Management

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Direct-to-home service provider Dish TV Ltd today said it is raising $100 million through an issue of global depository receipts, or GDRs, to US-based private equity firm Apollo Management. The company will issue 117,035 GDRs of $854.5 each. Each GDR represents 1,000 underlying equity shares. Post the issue, Apollo will own 11% of the expanded capital of Dish TV, which is India’s leading DTH service provider.

The Dish TV scrip closed at Rs40.65 on Monday, up 0.74% from its previous close. The benchmark Sensex closed marginally up.

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