Mumbai: Videocon Industries is looking to sell a 25% stake in its direct-to-home broadcast services business for roughly $75 million to $100 million and is in talks with private equity firms, people with direct knowledge of the matter said.
Potential investors in the unit, branded D2H, include ICICI Venture, the private equity arm of ICICI Bank, sources said. Videocon has hired UBS to find an investor, sources said.
Videocon Industries chairman Venugopal Dhoot. File photo.
Videocon and ICICI Venture declined to comment. UBS officials could not be reached for immediate comment.