Apollo India PE exits Dish TV; sells 3.5% stake for Rs 399 cr

Apollo India Pvt Equity Mauritius has sold its entire 3.58 per cent stake in direct-to-home services provider Dish TV for Rs 399 crore.
According to bulk deal data available on BSE, Apollo India Pvt Equity Mauritius sold 3,81,23,235 shares, representing 3.58 per cent stake, of Dish TV for Rs 399 crore.
The shares were sold at an average price of Rs 104.64.
As of June 2015, Apollo India Pvt Equity II (Mauritius) Ltd held 3,81,23,235 shares or 3.58 per cent stake in Dish TV.
Earlier, the private equity firm held 7.98 per cent stake in the company which it brought down to 3.58 per cent in June this year. Apollo India Pvt Equity II (Mauritius) sold 4.69 crore shares or 4.4 per cent stake worth Rs 497 crore in June.

Dish TV posted a consolidated net profit of Rs 54.21 crore for the first quarter of the fiscal against a consolidated net loss of Rs 14.97 crore for the corresponding quarter last fiscal.

Shares of Dish TV India ended down 3.81 per cent at Rs 106 on BSE.
Meanwhile, in another bulk deal transaction at NSE, one Dilip Kumar Vishindas Lakhi bought 2,48,026 shares of Gulf Oil Corp for Rs 3.47 crore.
The deal was carried at a price of Rs 139.99.
Shares of the company ended at Rs 143.15, up 3.65 per cent on NSE.