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US private equity firm Apollo Global Management LLC is in talks to sell its 11% stake in India's largest direct-to-home satellite service operator Dish TV India Ltd, two sources with direct knowledge of the development told Reuters on Wednesday.
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% stake in the company in 2009.
